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After the previous sales representative in his territory infuriated an important customer, Troy visited the customer once a month, never asking for business but hoping to rebuild trust through listening and expressing concern. Finally, after more than two years, the customer gave Troy an order. Troy was providing the important marketing function of
Depreciation Expense
An accounting method that allocates the cost of a tangible asset over its useful life to account for the decline in its value over time.
Fixed Assets
Durable physical assets owned and utilized by a company in its operations for the purpose of producing revenue.
Erosion
The gradual reduction or depletion of an asset's value, often due to competitive market forces or the introduction of new products.
Product Line
A product line is a group of related products under a single brand offered by a company to fulfill different consumer needs.
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