Customer Loyalty Models Are an Example of Which Category of Simulation

question 40

Multiple Choice

Customer loyalty models are an example of which category of simulation application?

• A)Operations models
• B)Financial models
• C)Marketing models
• D)Games of chance

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Definitions:

Objectives

Specific, measurable goals that are intended to be achieved within a set timeframe.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Integration

The process of attaining coordination across differentiated departments.

Decision-making Authority

The power or right vested in individuals or groups to make important decisions regarding policies, practices, or procedures within an organization.