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Explain the Four Phases of the Customer Life Cycle

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Explain the four phases of the customer life cycle.


Definitions:

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, characterized by the transition from manual production methods to machine-based manufacturing processes.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, marked by a shift from manual and artisanal work to mechanized manufacturing processes.

Pre-industrial Societies

Societies characterized by economies based on agriculture, fishing, and hunting, with limited technology and industrial development.

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