In a Common Form of RFM Analysis,customers Are Sorted in Five

question 82

True/False

In a common form of RFM analysis,customers are sorted in five groups and given an associated score depending on their group.

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Definitions:

Cloud-Based ERP

Enterprise resource planning systems hosted on cloud computing platforms, enabling businesses to access their business-management applications over the internet.

Cost

An amount that must be paid or spent to buy or obtain something, including the effort or loss necessary to achieve a goal.

Legacy Silos

Outdated, isolated systems or organizational structures within a company that hinder integration and efficient workflow.

SAP Hana

An in-memory database and application development platform used for processing high volumes of data in real-time.