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RFM analysis can be a useful tool to determine the best customers based on the frequency of their purchases.
Profits
The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Income Ratio
A financial metric comparing earnings to another element, such as sales or assets, to assess profitability or performance.
Partnership Agreement
A legal document that specifies the terms and conditions under which a partnership operates, including profit sharing and decision-making processes.
Capital Accounts
Accounts used to record the financial contributions, withdrawals, and the share of profit or loss of owners in a partnership or in their personal accounts.
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