What Occurs When a Website Can Know Enough About a Person's

question 36

Multiple Choice

What occurs when a website can know enough about a person's likes and dislikes that it can fashion offers that are more likely to appeal to that person?

• A) Operational CRM
• B) Analytical CRM
• C) Website personalization
• D) List generators CRM

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Definitions:

Sequential Game

A sequential game is a type of game in game theory where players make decisions or select strategies one after another, with knowledge of the previous players' actions.

Monopolized

Refers to a market situation where a single company or entity has exclusive control over a particular good or service.

Simultaneous Game

A type of game in game theory where players make their moves without knowledge of the other players' actions.

Discourage

To dissuade or deter someone from taking a particular action or continuing a certain behavior by instilling doubt or fear of consequences.