Which of the Following Is the First Step in the Process

question 21

Multiple Choice

Which of the following is the first step in the process of producing an RFM score?

• A) dividing the customers according to the amount spent on purchases
• B) sorting customer purchase records based on the purchase frequency
• C) sorting customer purchase records by the date of most recent purchase
• D) dividing customers into multiple groups and giving each group a score

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Definitions:

Low Productivity

A state where there is a lower output per unit of input, which may lead to decreased economic performance.

Education

The systematic process of facilitating learning, acquisition of knowledge, skills, values, beliefs, and habits.

Developing Countries

Nations with a lower level of material well-being, industrialization, and economic development compared to developed countries.

Developed Countries

Nations with high levels of economic productivity, advanced infrastructure, and higher standards of living.