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Explain in Detail the Functions of the Customer Relationship Management

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Explain in detail the functions of the customer relationship management process.


Definitions:

Income Inequality

The imbalanced sharing of income among participants in an economy, affecting individuals and households differently.

Minimum Wages

The minimum wage allowed by law for workers.

Unskilled Labor

Workforce with no specific skills or qualifications, typically performing simple tasks that require minimal training.

Negative Income Tax

A system of social welfare provision that makes direct payments to individuals whose income falls below a certain level, effectively subsidizing their income.

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