In a Common Form of RFM Analysis,customers with an R

question 31

True/False

In a common form of RFM analysis,customers with an R score of 5 are in the 20% of customers who have the most recent orders.

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Definitions:

Ledger

A comprehensive collection of a company’s financial accounts, recording all transactions and financial activities.

Supplies

Assets consumed or used in the operating activities of a business, often categorized as either office supplies or operational supplies.

Cash

Cash refers to money in the physical form of currency, such as banknotes and coins, which is used to conduct transactions.