Using a CRM Approach,customers Must Be Prioritized and Communication Customized

question 27

True/False

Using a CRM approach,customers must be prioritized and communication customized accordingly.

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Definitions:

Buyers

Persons or organizations that buy products or services.

Sellers

Entities or individuals who make goods or services available for purchase by consumers or businesses.

Price Elastic

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant change in quantity with price changes.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.