________ Analysis Is a Way of Analyzing and Ranking Customers

question 1

Multiple Choice

________ analysis is a way of analyzing and ranking customers according to their purchasing patterns.

• A)Regression
• B)CRM
• C)Market-basket
• D)RFM

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Definitions:

Premises

Premises refer to statements or ideas assumed to be true and used as the basis for constructing an argument or reasoning.

Conclusions

The end or finish of an event, process, or text, often summarizing the main points or findings.

Convergent Thinking

A cognitive process in which a person has the goal of finding a single, correct answer to a problem, as opposed to divergent thinking which involves generating multiple solutions.

Routine Problem Solving

A type of problem-solving that relies on past experiences and practiced strategies to efficiently address familiar issues.