We Have Done an RFM Analysis on Our Customer Data

question 76

Multiple Choice

We have done an RFM analysis on our customer data.John Smith has a score of "5 1 1".This means that John:

• A)has ordered recently,and orders a lot when he orders.
• B)hasn't ordered recently,but orders a lot when he orders.
• C)has ordered recently,but doesn't order a lot when he orders.
• D)hasn't ordered recently,and doesn't order a lot when he orders.
• E)None of the above is correct.

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Definitions:

Authoritarian

A leadership or parenting style characterized by strict rules, high demands, and little warmth or feedback given to subordinates or children.

Middle Adulthood

A stage of human development that occurs roughly between the ages of 40 and 65, marked by personal, social, and career transitions.

Tax Benefits

Financial advantages provided by the tax system to encourage or discourage certain behaviors, such as reduced tax rates for certain investments.

Socializing

The process of interacting with others to learn and reinforce societal norms, behaviors, and expectations.