Multiple Choice
Which of the following is the first step in the process of producing an RFM score?
A) dividing the customers according to the amount spent on purchases
B) sorting customer purchase records based on the purchase frequency
C) sorting customer purchase records by the date of most recent purchase
D) dividing customers into two groups based on the gender and giving each group a score
Correct Answer:

Verified
Correct Answer:
Verified
Q5: RFM scores are basically beneficial to salespeople,
Q6: Which of the following marketing techniques refers
Q7: RFM analysis can be a useful tool
Q8: A reporting system can generate the RFM
Q9: Decision tree analysis is a data mining
Q11: In marketing transactions, the fact that customers
Q12: The frequency of customer purchases is not
Q13: In RFM analysis, customers who have bought
Q14: The ratio of confidence to the base
Q15: What is database marketing?