Arrive to Class on Time, Raise Your Hand Before Speaking

question 23

Multiple Choice

Arrive to class on time, raise your hand before speaking, turn in assignments on time-these expectations are part of the ________ of students.

• A) status marker
• B) social role
• C) stereotype
• D) identity

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Definitions:

Recency-Frequency-Monetary Analysis

A method of analyzing data that categorize customers by their buying patterns.

Customer Data

Information collected about customers that can include personal details, preferences, and behaviors, used to guide business decisions and marketing strategies.

Profit Potential

The capability of a business or investment to generate earnings over a period, indicating its financial viability and attractiveness.

Lifetime Value Analysis

A comparison of the costs of retaining customers and the costs of acquiring new customers, to determine how much money each type of customer requires.