Customers with an RFM Score of 555 Are Highly Valued

question 35

True/False

Customers with an RFM score of 555 are highly valued by organizations.

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Definitions:

Bottlenecks

Points of congestion in a system where the actual or potential capacity is less than the demand, leading to delays or slowdowns.

Target Costing

A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to ensure profitability.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Manufacturing Costs

Expenses incurred in the process of producing goods, including raw materials, labor, and overhead costs.