What is consumer in SAP CEC-MKT-PRI - Recommendation?

SAP Term: consumer

• Component: CEC-MKT-PRI

• Component Name: Recommendation

• Description: Individual, service or system that receives recommendations from SAP hybris Marketing .

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• Key Concepts: 
  A consumer in SAP is a person or organization that purchases goods or services from a business. The CEC-MKT-PRI Recommendation component is a tool that helps businesses make pricing decisions based on customer data. It uses predictive analytics to analyze customer behavior and recommend the best prices for products and services. 
  
  How to use it: 
  The CEC-MKT-PRI Recommendation component can be used to analyze customer data and make pricing decisions. It uses predictive analytics to identify trends in customer behavior and recommend the best prices for products and services. The component also provides insights into customer preferences, allowing businesses to tailor their pricing strategies accordingly. 
  
  Tips & Tricks: 
  When using the CEC-MKT-PRI Recommendation component, it is important to keep in mind that customer preferences can change over time. Therefore, it is important to regularly review customer data and adjust pricing strategies accordingly. Additionally, businesses should consider offering discounts or promotions to encourage customers to purchase more products or services. 
  
  Related Information: 
  The CEC-MKT-PRI Recommendation component is part of the SAP Customer Experience (CX) suite of products. Other components of the CX suite include SAP Commerce Cloud, SAP Marketing Cloud, and SAP Service Cloud. These components provide businesses with tools to manage customer relationships, create personalized experiences, and optimize marketing campaigns.