CRM Applications Have Evolved from Large Software Installations

question 124

True/False

CRM applications have evolved from large software installations.

---

Definitions:

Trade Discounts

A reduction in price given by a supplier or manufacturer to a buyer based on the quantity of product purchased or the immediate payment of goods.

Future Marketing

Strategies and efforts made to plan and execute marketing activities targeting future trends and consumer needs.

Cash Discount

A reduction in invoice amount by a seller as an incentive for early payment by the buyer.

Net 30

A payment term that indicates the full payment is due 30 days from the invoice date.