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Perform the indicated operation. Simplify the answer if possible.
Standard Markup
The routine addition of a set percentage to the cost of goods to establish the selling price, commonly used in retail to ensure profitability.
Effective Pricing Decisions
The strategic determination of product prices to maximize profits and meet market demand.
Customer Relationship Management
A strategy for managing an organization's relationships and interactions with customers and potential customers, utilizing data analysis to improve business relationships and drive sales growth.
Build Loyalty
Refers to the strategies and activities aimed at increasing customer loyalty towards a brand or product, often through improved customer service, rewards programs, and personalized engagements.
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