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Monitoring Systems May Also Use ____, Which Are Devices That

question 7

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Monitoring systems may also use ____, which are devices that respond to a stimulus (such as heat, light, or pressure) and generate an electrical signal that can be measured or interpreted.


Definitions:

Lifetime Value

The total revenue a business can expect from a single customer throughout the duration of their relationship.

Customer Equity

The total combined customer lifetime values of all the company’s customers, representing the financial value of the customer base.

Customer Service Strategy

A plan designed to improve how a business interacts with its customers, aiming to enhance satisfaction and loyalty.

Order Cycle

The sequence of events from the moment a customer places an order to the delivery of the product or service.

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