Data About the Recency,frequency,and Monetary Value of Past Purchases Are

question 120

Multiple Choice

Data about the recency,frequency,and monetary value of past purchases are included in the _ category of a customer database.

• A)geographic
• B)assessment
• C)behavioral
• D)demographic
• E)psychographic

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Definitions:

Regulation

Rules or directives made and maintained by an authority to control or manage activities, often to protect public interests.

Protect Competition

Measures and policies established to ensure fair competition within markets, preventing monopolies and fostering innovation and fairness.

Social Regulation

Regulations that aim to protect public welfare, including health and safety standards, environmental protections, and consumer rights.

No Free Lunch

Refers to the idea that one cannot get something for nothing; for every benefit or good received, a cost, either direct or indirect, is incurred.