Examlex
In 1995, the General Agreement on Tariffs and Trade replaced the World Trade Organization as the body for governing the conduct of trade relations among member countries.
First Purchase
The initial act of buying a product or service by a customer, often seen as a critical step in building customer loyalty and repeat business.
Promotion-to-Sales Ratio
A metric comparing the amount spent on marketing and promotion to the total sales revenue generated, often used to assess marketing efficiency.
Total Promotion Expenditures
The aggregate amount of money a company spends on all promotional activities, including advertising, sales promotions, public relations, and personal selling, over a set period.
Marketing Costs
Expenses related to promoting and selling a product or service, including advertising, market research, and distribution.
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