Examlex
Edward Thorndike based his "law of effect" on which of the following observations?
Individualized Offers
Marketing strategy that involves creating and presenting offers tailored to the needs, preferences, or historical behaviors of individual customers.
Lifetime Value
The total worth to a business of a customer over the whole period of their relationship.
Potential Revenue Stream
Future income that could be generated from a business activity or investment, not yet realized.
Operational CRM
Customer relationship management focused on the direct interactions with customers, aiming to enhance customer service, sales, and marketing operations.
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