The Ability of an Organization to Effectively Identify, Acquire, Foster

question 5

Multiple Choice

The ability of an organization to effectively identify, acquire, foster, and retain loyal profitable customers is

• A) customer service.
• B) effective marketing.
• C) customer relationship management.
• D) ethical marketing.

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Definitions:

ATMs Spread

The spread of ATMs refers to the increasing availability and distribution of Automated Teller Machines across different locations, making financial transactions more accessible.

Demand for Bank Tellers

The need or desire for the services provided by bank tellers, which can be influenced by factors like economic conditions and technological advancements.

Banking Laws

Regulations and legal standards governing the operation and conduct of banks, designed to ensure stability and integrity in the financial system.

Profit-maximizing Level

The output level at which a business achieves the highest possible profit, found where marginal cost equals marginal revenue.