The Goal of a CRM System Is to Describe Customer

question 64

True/False

The goal of a CRM system is to describe customer relationships so that managers can access information themselves.

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Definitions:

Transfer of Risks

The process in contracts where the risk of loss or damage to goods passes from the seller to the buyer.

Sales Transaction

An exchange involving the selling of goods or services from a seller to a buyer for a payment.

Revenue Recognition

Revenue recognition is the accounting principle dictating the specific conditions under which revenue is recognized and recorded, ensuring it accurately reflects business transactions.

Consignment-in

Goods held for sale by one party although ownership is retained by another party.