Adding the "P" (Product Category) to RFM (1,079 words)
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Fingerhut's major growth came by increasing the number of mailings offered to customers from 20 to more than 100 per year. The significant point is that all customers didn't receive all 100 mailings. Product category of past purchase (carefully tracked and maintained in Fingerhut's database) was used to determine which mailings customers received.
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- Companies:
- J. Schmid & Assoc.
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