The Frequency of Customer Purchases Is Not a Determining Factor

question 14

True/False

The frequency of customer purchases is not a determining factor for RFM score.

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Definitions:

Mathematical Equality

A statement indicating that two mathematical expressions or quantities are identical in value.

Debits And Credits

The two sides of every financial transaction in double-entry bookkeeping; debits must equal credits for each entry to balance.

Alphabetic Order

A method of arranging items or information according to the sequence of the letters in the English alphabet.

Journal

A record where all financial transactions are initially noted in chronological order before being transferred to accounts in the ledger.