The "R" in RFM Analysis Stands For

question 58

Multiple Choice

The "R" in RFM analysis stands for:

• A)rank.
• B)recent.
• C)relationship.
• D)readiness.
• E)random.

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Definitions:

Profit-maximizing

The process or strategy aiming to achieve the highest possible profit from business operations, often involving adjusting prices, output, and costs.

Total Revenue

The total amount of money generated by a business from the sale of goods or services before any expenses are subtracted.

Output

The amount of something produced by a person, machine, or industry.

Profit-maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit.