How Does Database Marketing Benefit Consumers

question 56

Multiple Choice

How does database marketing benefit consumers?

• A)Companies make name- brand products and images readily available to customers.
• B)Customers receive faster and more reliable service from companies.
• C)Companies match customer needs and interests with products and services.
• D)Customers receive instant credit from more companies.
• E)Customers receive better prices on products and services that they need.

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Definitions:

Productive Capacity

The maximum output that an economy can produce without causing inflation, determined by the availability of factors of production.

Classical Economics

A theory that emphasizes the importance of free markets, competition, and self-regulation in the economy.

Full Employment

An economic situation where all available labor resources are being used in the most efficient way possible, indicating low unemployment.

Government Intervention

Involves actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct spending.