What is tier in SAP CRM-MKT-MPL-LOY - Loyalty Marketing?

SAP Term: tier

• Component: CRM-MKT-MPL-LOY

• Component Name: Loyalty Marketing

• Description: A range of values where each range has a corresponding rebate rate.

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• Key Concepts: 
  A tier is a level of loyalty within a loyalty program. It is used to differentiate customers based on their loyalty and reward them accordingly. In the SAP CRM-MKT-MPL-LOY Loyalty Marketing component, tiers are used to define the different levels of loyalty and the associated rewards. 
  
  How to use it: 
  In order to use tiers in the SAP CRM-MKT-MPL-LOY Loyalty Marketing component, you must first define the different levels of loyalty and the associated rewards. Once this is done, you can assign customers to different tiers based on their loyalty and reward them accordingly. 
  
  Tips & Tricks: 
  When defining tiers in the SAP CRM-MKT-MPL-LOY Loyalty Marketing component, it is important to consider the customer’s needs and preferences. This will ensure that customers are rewarded appropriately for their loyalty. 
  
  Related Information: 
  The SAP CRM-MKT-MPL-LOY Loyalty Marketing component also includes features such as points, rewards, and promotions that can be used in conjunction with tiers to further incentivize customers.