A(n) ___ CRM System Is One That Is Hosted by an External

question 125

Short Answer

A(n) ___ CRM system is one that is hosted by an external vendor in the vendor's data center.

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Definitions:

Market Demand

The aggregate amount of a product or service all buyers in a market are prepared to buy at different price points.

Competitive Industry

An industry structure where many firms compete for market share, with no single firm dominating the market.

Product Price

The amount of money charged for a single unit of a product, determined by various factors including production costs, demand, and competition.

Economic Resources

Resources that are available to firms and individuals, such as labor, capital, and land, used to produce goods and services.