An Organization Can Find Its Most Valuable Customers by Using

question 30

Short Answer

An organization can find its most valuable customers by using a formula that industry insiders call recency, ______________, and monetary value.

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Definitions:

Cost Of Goods Sold

An expense representing the total cost of materials and labor required to produce goods that have been sold in a given period.

Inventory

Assets in the form of materials, work-in-progress, or finished goods held by a company to be sold in the ordinary course of business.

Perpetual Inventory System

An inventory management approach where updates to inventory records are made immediately following each transaction.

Cost Of Goods Sold

The direct monetary charges for materials and labor involved in the creation of goods a business sells.