US Steel Corp

question 73

Multiple Choice

U.S. Steel Corp. is a well-known steel manufacturing company. SAMCROW, one of the customers of U.S. Steel Corp. holds an RFM score of 111. Which of the following characteristics relates SAMCROW with its RFM score?

• A) SAMCROW has ordered recently and orders frequently, but it orders the least expensive goods.
• B) SAMCROW has not ordered in some time but when it did order in the past, it ordered frequently, and its orders were of the highest monetary value.
• C) SAMCROW has not ordered for some time and it did not order frequently, but when it did order, it bought the least-expensive items.
• D) SAMCROW has ordered recently and orders frequently, and it orders the most expensive goods.

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Definitions:

Financial Accountants

Professionals specializing in the preparation and analysis of financial statements and reports, ensuring compliance with accounting standards.

Costing System

The method or system used by a company to evaluate and manage the costs associated with its business activities and to price its products or services.

Accounting Information System

A system, typically computer-based, for managing financial data and processes, enabling the collection, storage, management, and reporting of financial transactions.

Financial Accounting

The branch of accounting that deals with summarizing, analyzing, and reporting business transactions to external entities, including investors and regulators.