Recency Refers to The

question 52

Multiple Choice

Recency refers to the:

• A) percentage of customers who do not return during the next year after an initial purchase.
• B) time elapsed since the last action taken by a customer.
• C) percentage of existing customers who continue to buy on a regular basis.
• D) percentage of customers who return to the site within a year to make additional purchases.

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Definitions:

Negotiation Behavior

The actions, tactics, and strategies that individuals engage in during a negotiation process.

Game or Simulation

A structured form of play or operational model used for educational, training, analysis, or entertainment purposes, often replicating real-world scenarios.

Defined End

A clear and precise conclusion or final goal of an endeavor, task, or agreement, leaving no ambiguity regarding the outcome.

Negotiating

The process of discussing something with someone in order to reach an agreement or compromise.