In a Common Form of RFM Analysis,customers Are Sorted into ________

question 85

Short Answer

In a common form of RFM analysis,customers are sorted into ________ groups and given an associated score depending on their group.

---

Definitions:

Moving Assembly Line

An innovation in manufacturing where products are assembled as they move along a conveyor belt, significantly improving efficiency.

Transformation Process

The conversion of inputs into outputs, thus transforming raw materials, labor, and information into products or services.

Productivity Variables

Productivity variables are factors that influence the efficiency and effectiveness with which resources are converted into outputs, including technology, labor skills, and management practices.

Operations Managers

Specialists tasked with supervising, devising, and regulating the processes involved in manufacturing and altering business tasks in the production of goods or services.