josetatai391 josetatai391
  • 10-08-2018
  • Business
contestada

Why does the “rfm” rubric present the three key measures (recency, frequency, and monetary value) in that order?

Respuesta :

lilaipo
lilaipo lilaipo
  • 21-08-2018

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 Link

Otras preguntas

According to Aristotle a "good" government: a. was usually a monarchy c. was an oligarchy b. was any government that made decisions in the interest of its peo
Archduke Franz Ferdinand was assassinated by
Entropy is a measure of the _____ of a system. thermal energy mechanical energy disorder density
Which of the following BEST describes life along the Oregon Trail? (1 point) peaceful journey to a new life long and difficult journey short but dangerous journ
the number of ash trees on a tree farm is 5 times the number of pine trees. choose one expression from each column to create an equation that compares the numbe
tell a problem of a story and how is it solved
Gerard has $30 to spend on lunches this month. Lunch costs him $1.50 each day. After Gerard buys lunch for 8 days, which statement is true?
Who was the worst enemy of Hitler? Why?
Answer 7 and 10 thank you
What is the goal of passive resistance?