Recency effect

Recency effect,

Definition of Recency effect:

  1. Observation that customers who have recently bought a firms product are more likely to buy again the same product or other offers by the same firm. See also flighting.

How to use Recency effect in a sentence?

  1. The recency effect was a potential source or knowledge, specifically an explanation to provide us with insight on customer purchase patterns.
  2. The recency effect was right and our most recent customers would always come back for a little more from the store.
  3. You should factor in how the recency effect may work into your favor whenever you enter into a negotiation with a past client.

Meaning of Recency effect & Recency effect Definition