1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
3 years ago
9

Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when

it did order in the past it ordered frequently, and its orders were of the highest monetary value. Under the given circumstances, Ajax is most likely to have an RFM score of ________.
Business
1 answer:
Aleksandr-060686 [28]3 years ago
8 0

Answer:

511

Explanation:

RFM analysis - recency, frequency, monetary

RFM analysis is used to analyze and rank customers according to their purchassing patterns.

RFM (recency, frequency, monetary) analysis is a behavior based technique used to segment customers by examining their transaction history such as

  • how recently a customer has purchased (recency)
  • how often they purchase (frequency)
  • how much the customer spends (monetary)

It is based on the marketing axiom that 80% of your business comes from 20% of your customers.

RFM helps to identify customers who are more likely to respond to promotions by segmenting them into various categories

<u>Solution:</u>

Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value. Under the given circumstances, Ajax's RFM score is most likely <u>511</u>.

You might be interested in
How a product or service will be conceived or designed, how much it should cost, where and how it will be promoted, and how it w
Allisa [31]

Answer:

Marketing Plan

Explanation:

The marketing strategy of the company is one of the most crucial components of development and growth for the company.

It includes all the activities in which the company makes a strategy and plan of how shall the product be developed, what should be an approximate level of acceptance of cost, and further how it shall be ultimately delivered to maximum consumers.

It is thus, comprised of various steps involved as it relates to a complete task from the beginning to the end of producing and delivering the product.

6 0
3 years ago
Pepsi has a strong brand equity. Over the years, Pepsi has introduced Vanilla Pepsi, Lemon Pepsi, Pepsi One, Pepsi Blue, and Pep
antoniya [11.8K]

Answer: These expansions of the Pepsi brand are termed: <u>"(D) Line Extensions".</u>

Explanation: The extension of the line is the creation of a new product with two fundamental characteristics: First, the product belongs to the same category in which the brand was already entering. Second, the organization continues to use the same brand that it traditionally used in that category.

4 0
3 years ago
Your boss asks you to do some reporting on your email performance from last quarter. which email metric can you ignore?
DanielleElmas [232]

Base on the scenario, the email metric that you can ignore after your boss asked you to do some reporting in your email performance last quarter is the industry average. The industry average are used in means of having to create components financially when it comes to business plan.

8 0
3 years ago
What could the owner of a movie theater expect as the possible result from an increase in movie ticket prices?
never [62]

Answer:

C

Explanation:

Fewer Movie goers will pay a hier price

8 0
3 years ago
Place each of the folowing transactions in one of the four components of expenditures:a. Boeing sells an airplane to the Air For
ozzi

Answer:

Boeing sells an airplane to the Air Force is purchases by the Government

Boeing sells an airplane to the American Airlines is Investment

Boeing sells an airplane to the Air France is net exports

Boeing sells an airplane to the Amelia Earhart is Consumption

Boeing builds an airplane to be sold next year is an Investment

Explanation:

Purchases by Government represent goods and services bought by Federal,State or Local tier of Government and Air Force is part of the Government

Investment refers to goods bought in order to produce other goods or services,since American Airlines would convey passengers in the airplane,no doubt it is an investment.

Net export exports relate to worth of goods and services provided to other nations less the value of such goods and services the foreign nations provided to ours.Since the sale to a foreign company,it is ultimately a net exports taking import as zero.

Consumption refers to sale of goods and services to private individuals intended for private use.

Building up stock for sale next year is an investment in inventory.

5 0
3 years ago
Other questions:
  • Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct
    10·1 answer
  • Wade paid $7,000 for an automobile that needed substantial repairs. he worked nights and weekends to restore the car and spent $
    9·1 answer
  • Vaughn Manufacturing unadjusted trial balance includes the following balances (assume normal balances): • Accounts Receivable $1
    12·1 answer
  • Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ4 at a price o
    6·1 answer
  • Where must all laws dealing with money originate why?
    7·1 answer
  • On January 1, Year 2 Boothe Company paid $12,000 cash to extend the useful life of a machine. Which general journal entries woul
    5·1 answer
  • Assume real per capita GDP in North Midgar is $8,000 while in South Darlinia it is $2,000. The annual growth rate in North Midga
    10·1 answer
  • What is morale? apparently the question was too short so this is filler
    15·1 answer
  • Residents of Mill River have fond memories of ice skating at a local park. An artist has captured the experience in a drawing an
    15·1 answer
  • How is granite made i will give brainliest if right ?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!