A Term That Describes a Company That Customizes Its Products

question 26

Multiple Choice

A term that describes a company that customizes its products and services based on data generated through interactions between the customer and the company would be described as being ______.

• A) customer-centric
• B) employee-centric
• C) business-centric
• D) organization-centric

Understand the difference and relationship between wealth and income and their influences on inequality.

Explain intragenerational and intergenerational mobility with examples.

Compare Marx's and Weber's definitions and understandings of class.

Define and give examples of Weber's concepts of classes, status groups, and parties.

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Definitions:

Durable Goods

Goods that are intended to last for a long period of time, such as cars, appliances, and furniture, typically requiring more significant investment than non-durable goods.

Nondurable Goods

Items that are consumed or are only useable for a short period before they need replacement due to wear or consumption.

Services

Tasks or activities performed by individuals or companies for the benefit of others, typically in exchange for payment, and are intangible in nature.

Disposable Income

Funding available to households for their spending and saving plans post income tax cuts.