A local hair salon is analyzing its customer data to determine the last time each customer visited the salon, if he or she purchased a hair care product, and how much money the customer spends on the salon's services and products. In essence, it is trying to determine its customers' profit potential so it can target them for marketing efforts. What data analysis tool is the salon using?
A)recency-frequency-monetary analysis
B)profit modeling
C)lifetime value analysis
D)customer segmentation analysis
E)demographic value analysis

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The Answer of A local hair salon is analyzing its customer data to determine the last time each customer visited the salon, if he or she purchased a hair care product, and how much money the customer spends on the salon's services and products. In essence, it is trying to determine its customers' profit potential so it can target them for marketing efforts. What data analysis tool is the salon using?
A)recency-frequency-monetary analysis
B)profit modeling
C)lifetime value analysis
D)customer segmentation analysis
E)demographic value analysis

A Local Hair Salon Is Analyzing Its Customer Data to Determine