Instructions: Explain/Define the Following Terms

question 32

Short Answer

Instructions: Explain/Define the following terms.
caravel

---

Definitions:

Customer Information

The data and insights pertaining to clients, including demographics, purchasing history, and preferences, used by businesses to personalize services and marketing efforts.

Customer Service

The assistance and support provided by a company to those people who buy or use its products or services.

Inventory Management

The process of ordering, storing, using, and selling a company’s inventory, including both raw materials and finished goods.

Sales Forecasts

Predictions about future sales volume that companies use for planning and strategic purposes.