Consumerism Is the Public Demand That a Business Consider the Wants

question 25

True/False

Consumerism is the public demand that a business consider the wants and needs of its customers in making decisions.

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Definitions:

External Data Sources

These are sources of data that originate outside of the organization and can include public data sets, purchased data, or data shared by partners.

Buying Queries

Questions or inquiries from potential customers aimed at gathering more information before making a purchase decision.

Data Warehouse

A centralized repository for storing, managing, and analyzing large volumes of data from multiple sources.

Internal Data Sources

Information collected from activities within the organization, used for decision making and strategic planning.