Prioritizing Customers Using Purchase History and Increase Sales of Existing

question 24

True/False

Prioritizing customers using purchase history and increase sales of existing customers are the relationship management functions of a CRM application.

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Definitions:

Desired Ending Inventory

The ideal quantity of goods a company aims to have on hand at the end of an accounting period to meet customer demand without overstocking.

Cash Disbursements

Payments made in cash or through cash equivalents, including expenses, debt payments, and purchases of goods and services.

Cash Receipts

The total amount of cash collected by a business during a given period, including revenues and other forms of income.

Financing Section

Part of the cash flow statement that shows the net flows of cash used to fund the company, including debt, equity, and dividends.