US Steel Corp

question 29

Multiple Choice

U.S. Steel Corp. is a well-known steel manufacturing company. SAMCROW, one of the customers of U.S. Steel Corp. holds an RFM score of 111. Which of the following characteristics relates SAMCROW with its RFM score?

• A)SAMCROW has ordered recently and orders frequently, but it orders the least expensive goods.
• B)SAMCROW has not ordered anything for a while, but when it did order in the past, it ordered frequently, and its orders were of the highest monetary value.
• C)SAMCROW has not ordered anything for a while and it did not order frequently, but when it did order, it bought the least-expensive items.
• D)SAMCROW has ordered recently and orders frequently, and it orders the most expensive goods.

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Definitions:

Arbitrage

The simultaneous purchase and sale of an asset in different markets to profit from price differences.

Direct Price Discrimination

The practice of charging different prices to different consumers for the same product or service, based on their willingness to pay.

Arbitrage

The simultaneous buying and selling of assets in different markets to exploit price differences for profit.

Elasticity of Demand

A gauge for the responsiveness of how much a product is wanted relative to fluctuations in its price.