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What is Weber's Law? Give an example.
Algorithmic Marketing
Utilizing algorithms and data analysis techniques to automate and optimize marketing strategies and customer interactions.
Data Mining
The process of analyzing large datasets to discover patterns, trends, and relationships that can inform decision-making.
Social Commerce
The use of social media platforms to facilitate the buying and selling of products and services.
Collaborative Purchasing
The practice of joining with others to buy goods or services in bulk to benefit from reduced prices or better terms.
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