RFM Stands for ___________

question 41

Multiple Choice

RFM stands for ___________.

• A) Recency, frequency and monetary value
• B) Relevance, frequency and monetary value
• C) Resolution, frequency and monetary value
• D) Results, frequency and monetary value

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Definitions:

Depreciation

The systematic reduction of the recorded cost of a fixed asset to reflect its loss in value over time, often due to wear and tear or obsolescence.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profit made.