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In the Context of Developing an Effective Customer Relationship Management

question 22

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In the context of developing an effective customer relationship management system,the use of big data analytics is restricted to the collection of customer data.


Definitions:

Bar Charts

A graphical representation of data using bars of different lengths to compare values across categories.

Financial Planning

The process of creating strategies for managing financial resources effectively to meet life goals.

Retirement Annuity

A financial product that provides a stream of payments to an individual after retirement, funded through either periodic or lump sum contributions.

IRA

An Individual Retirement Account, a financial tool used in the United States to save for retirement with tax advantages.

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