Used as a Measure of a Customer's Bond and Loyalty

question 74

Multiple Choice

Used as a measure of a customer's bond and loyalty to a product, ________ identifies and cultivates relationships with customers who are likely to buy a product repeatedly and recommend it to others.

• A) geodemographic segmentation
• B) the 80/20 rule
• C) the long tail
• D) customer stickiness
• E) geotargeting

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Definitions:

Edward Bellamy

An American author and socialist, most famous for his utopian novel "Looking Backward" (1888), which imagined a future society based on cooperative ownership and the absence of poverty.

Looking Backward

A utopian novel published in 1888 by Edward Bellamy, depicting the year 2000 and the transformative impact of a socialist society on the United States.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and urbanization.

Socialist Regimes

Socialist regimes are political systems where the government owns or regulates the means of production and distribution of goods, aiming for equal wealth distribution.