Is an Effective Way to Identify the Firm's Best Customers,stay

question 132

Multiple Choice

is an effective way to identify the firm's best customers,stay on top of their needs,and increase their satisfaction.

• A)Customer relationship management
• B)Customer relations marketing
• C)Consumer relationship management
• D)Consumer relationship marketing
• E)Customer relationship marketing

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Definitions:

Price Ceiling

A maximum price set by law that can be charged for a good or service, below the equilibrium price, leading to a shortage.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Immediate Effect

The instant impact or outcome that follows a specific action or decision, without significant delay.

Price Floor

A government- or authority-imposed minimum price that can be charged for a good or service, intended to prevent prices from falling too low.