RFM Stands for Regency, Frequency, and Monetary

question 18

True/False

RFM stands for Regency, Frequency, and Monetary.

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Definitions:

Central Assumption

The fundamental belief or principle that serves as the foundation for a theory, model, or approach in various fields.

Davis-Moore Thesis

A sociological theorem that argues social stratification has beneficial consequences for the operation of society, positing that the most difficult jobs in any society are the most necessary and require the highest rewards and incentives to motivate individuals to complete them.

Stratification

The arrangement or classification of something into different groups, levels, or ranks, often used to describe the hierarchical layering of people in a society based on wealth, race, education, etc.

Bourgeoisie

The owners of the means of production.