Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 20, 2022

What do you mean by RFM approach? Where is it used and why? Give examples to support your answer.

What do you mean by RFM approach? Where is it used and why? Give examples to support your answer.

Step by Step Solution

★★★★★

3.48 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

RFM approach is a marketing technique used to quantitatively rank and group custome... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations and Supply Chain Management The Core

Authors: F. Robert Jacobs, Richard Chase

4th edition

978-1259549724, 1259549720, 1259696596, 978-1259696596

More Books

Students also viewed these Marketing questions

Question

★★★★★

What do you mean by the term "lean manufacturing?"

Answered: 1 week ago

Question

★★★★★

What do you mean by the term "Continuous Improvement?"

Answered: 1 week ago

Question

★★★★★

What do you mean by cost behavior? how is it classified.

Answered: 1 week ago

Question

★★★★★

3. Given the recurrence relation: Calculate T(n) for n= 1.2.3.4.5. 12 T(n) T(n)= 3T ([n/2])+ 2m +1 T(0) 0 1 2 3 4 5 [10 pts

Answered: 1 week ago

Question

★★★★★

Maplehaven Sporting Goods Store has the following sales budget: Suppose June sales are expected to be $ 80,000 rather than $ 64,000. Revise Maplehavens salesbudget. MAPLEHAVEN SPORTING GOODS STORE...

Answered: 1 week ago

Question

★★★★★

What is the relationship between a domain name and an IP address?

Answered: 1 week ago

Question

★★★★★

Describe critical events in the emergence of clinical psychology as a formal profession?

Answered: 1 week ago

Question

★★★★★

The following data give the selling price, square footage, number of bedrooms, and the age of the houses that have sold in a neighborhood in the past 6 months. Develop three regression models to...

Answered: 1 week ago

Question

★★★★★

The following events occurred during the year ended 30 June 2020 for Electrical Limited. On 1 June 2020, Electrical Ltd. signed a three-month 9% per annum bills payable to purchase a new equipment...

Answered: 1 week ago

Question

★★★★★

A process produces rubber belts in lots of size 2,500. Inspection records on the last 20 lots reveal the data in Table 6E.5. a. Compute trial control limits for a fraction nonconforming control...

Answered: 1 week ago

Question

★★★★★

Please show work thanks! alculus Files > quiz2.pdf .pdf ad quiz2.pdf (229 KB) Page AjCU}US l.pdf quiz2.pdf 'ad quiz2-pdf (229 KB) 3. (6 pts) The marginal cost of producing q units is given by Ci(q)...

Answered: 1 week ago

Question

★★★★★

Think about French and Raven's model and discuss how you have used power in the past (at work, school, in relationships, or with your family, etc.). Think about a specific example. How did it feel to...

Answered: 1 week ago

Question

★★★★★

Duffing's equation, x+dxx+x =ycos(wt), exhibits chaotic behavior for its parameters in certain ranges. Simulate this equation for (8, y, w) = (0.05, 0.4, 1.3) and plot the phase portrait (i.e., plot...

Answered: 1 week ago

Question

★★★★★

Solve the following optimization problems. (c) min z = f(x) = ln(x+x+1) subject to x = R. (d) max z = f(x) = 1 e subject to x = R.

Answered: 1 week ago

Question

★★★★★

No matter where you are in the Americas, the place where you live has a history tied to its Indigenous Community whose land you live on or work on. Using the link above, do a search on your own...

Answered: 1 week ago

Question

★★★★★

You be The Arbitrator" Remember, you are the Arbitrator, or judge and must follow the contract and the facts presented. Fully explain your ruling. 4.How do "school voucher programs" threaten public...

Answered: 1 week ago

Question

★★★★★

Sullivan's Island Company began operating a subsidiary in a foreign country on January 1 , 2 0 2 4 , by investing capital in the amount of 6 1 , 0 0 0 pounds. The subsidiary immediately borrowed 1 5...

Answered: 1 week ago

Question

★★★★★

The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...

Answered: 1 week ago

Question

★★★★★

"The nice thing about inventory models is that you can pull one off the shelf and apply it so long as your cost estimates are accurate." Comment.

Answered: 1 week ago

Question

★★★★★

For which of the following would you expect the exponential distribution to be a good approximation of service times? a. Buying an airline ticket at the airport b. Riding a merry-go-round at a...

Answered: 1 week ago

Question

★★★★★

Discuss the basic differences between the mean absolute deviation and mean absolute percent error.

Answered: 1 week ago

Question

★★★★★

2. In which brain areas do new neurons form in adults?

Answered: 1 week ago

Question

★★★★★

5. If all cells in an amphibians tectum produced the same amount of TOPDV, what would be the effect on the attachment of axons?

Answered: 1 week ago

Question

★★★★★

3. Record brain activity during behavior. We might record changes in brain activity during fighting, sleeping, finding food, solving a problem, or any other behavior.

Answered: 1 week ago

Previous Question Next Question