The order of the attributes in RFM conforms to the order of their importance in ranking customers. Recency is the most important factor. Recency alone won’t sort out your good customers from your new ones. You need frequency for that. Frequency measures the intensity of a customer’s relationship with your business. How much a customer spends on average or in total is the final measure of his or her monetary value.
Answer:
a. All of the answers are correct
Explanation:
Quality is the manufacturer's perception of how well he is meeting customer needs, while measuring quality employs methods that gets the customer's perception of the product provided.
First of all Weights to combine the various deviations from expectations - will measure difference between what the customer expects and what he actually gets. This can be negative or positive impression.
Secondly Knowledge of customer expectations - acts as a guide to measure if a product is actually meeting customer needs. For example if a customer needs a car that has a small engine and low fuel consumption, and the company is providing a large engine with high fuel consumption. This is a variation from customer expectation.
Finally Measures of actual realized value - gives the actual value the customer recieves from the use of the product.
Answer:
Option C is correct
Explanation:
Since it is a specific sales tax, the effect would be shifted to the consumers. The optimal output would be determined by
MR= MC + T =MCT
MR= marginal revenue, MC = marginal cost, T = tax
That mc curve would shift to mct which is the new equilibrium
<span>Tina's mother and father pay her car insurance as long as she makes good grades. This is an example of which economic concept? Positive incentive. A positive incentive is a value that is given during the performance of a regular behavior. As long as Tina does what she is supposed to her parent's will continue to pay her car insurance. There is a reward for her doing what she </span>should be doing on her own which is motivating her to continue to do it.
The answer is B. Always get approval before printing out the final