Answer:
RFM stands for Recency, Frequency, and Monetary value, each corresponding to some key customer trait. These RFM metrics are important indicators of a customer's behavior because frequency and monetary value affects a customer's lifetime value, and recency affects retention, a measure of engagement.03-Jun-2021
Answer:
The correct answer is option D.
Explanation:
The law of demand states that keeping other things constant there is an inverse relationship between quantity demanded and price.
According to the law of increasing marginal opportunity cost with each additional output the marginal opportunity cost to produce next unit of output increases.
While the law of supply states that keeping other things constant there is a direct relationship between price and quantity supplied.
According to the law of diminishing marginal utility, the marginal utility derived from the consumption of each additional unit of good keeps declining as more and more unit of goods is consumed.
So, option D is the correct answer.
Answer: Option A
Explanation: Brick and mortar refers to the business strategies in which the firm decides to operate their business in a traditional manner. Under this, the firms tries to maintain the personal connection with their customers by doing face to face transactions.
In the given case, Hatso has decided to operate their stores physically in this era of online business websites.
Hence from the above we can conclude that Hatso is following brick and mortar.
Answer:
F
Explanation:
Most of the times, for a company to have a funny voice mail message is NOT a good idea.
People who contact a company want to get serious service and attention, they want to talk business, buy a product/service or have their billing/technical issues addressed and so on.
However, there are a few cases when it could be appropriate... like if you're a clown company, a circus company, a TV comedy production company or a jingle company.... because humour is your trademark, that's what you do.
Answer:
B. Regulators who are interested in keeping their jobs must please both the industry and co.
Explanation:
The share-the-gains, share-the-pains theory is one that states that holds that organizations/firms must take into consideration the demands of legislators (regulators), firms in the regulated industry and consumers of the regulated products.
Therefore, in share-the-gains, share-the-pains theory, regulators who are interested in keeping their jobs must please both the industry and consumers.
Option B is the correct answer.