How Do Marketers Use Customer Relationship Management (CRM)as a Targeting

question 108

Essay

How do marketers use customer relationship management (CRM)as a targeting tool?

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Definitions:

Efficiency Loss

The decrease in economic effectiveness that occurs when a good or service does not reach or cannot reach its equilibrium state.

Excise Tax

A type of tax imposed on specific goods, services, or activities, often with the goal of discouraging their use or consumption.

Market Situations

Various conditions under which a market operates, influenced by factors like competition, demand, and supply.

Output

The quantity of goods or services produced by a firm, industry, or economy within a given period.