Examlex
A management consulting business stays in touch with its business customers with phone calls and greeting cards. It periodically sends out needs-assessment questionnaires and designs new services to meet the needs revealed in these surveys. What is this relationship marketing based on?
Economic Information
Data related to the production, distribution, and consumption of goods and services that informs decision-making.
Acquire
To obtain ownership of something, such as a company purchasing another company or an individual acquiring an asset.
Self-Interest
The pursuit of personal gain or advantage, which is a fundamental economic assumption about human behavior.
Welfare
Welfare denotes governmental support aimed at ensuring the basic physical and material well-being of people, particularly those in need.
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