RFM Scores Are Basically Beneficial to Salespeople, as It Gives

question 5

True/False

RFM scores are basically beneficial to salespeople, as it gives a clear picture of a customer's buying pattern.

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Definitions:

Target-date

Refers typically to a type of mutual fund or retirement fund that automatically shifts towards more conservative investments as the target date (often retirement) approaches.

Retirement Funds

Investment funds specifically set aside for the goal of providing income during retirement, typically involving a mix of stocks, bonds, and other assets.

Hedge Funds

Investment funds that employ various strategies to earn active return, or alpha, for their investors, often requiring a high minimum investment.

Fiduciary Standard

The fiduciary standard is a legal and ethical requirement for certain financial advisors to act in the best interest of their clients, putting the clients' interests ahead of their own.