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Probability Gives Us a Mathematical Estimate That an Event Is

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Probability gives us a mathematical estimate that an event is likely to occur.


Definitions:

Target Markets

Specific groups of potential consumers towards which a company directs its marketing efforts and strategies.

Relationship Selling

A sales technique that focuses on building long-term relationships with customers rather than on individual transactions, emphasizing customer satisfaction and loyalty.

Building Ties

The process of establishing and nurturing relationships or connections, often referred to in a business or networking context.

Attention

The act of focusing selectively on a piece of information, disregarding other perceivable information.

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