The Application of Electronic Tools,such as Email,IM,and Blogs,to Contemporary Marketing

question 112

True/False

The application of electronic tools,such as email,IM,and blogs,to contemporary marketing has the potential to greatly reduce costs and increase customer satisfaction by increasing the speed and efficiency of marketing interactions.

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Definitions:

Favourable Variances

Differences between expected and actual performance that are beneficial to a company's financial health.

Cost of Goods Sold

The immediate expenses related to creating the products a company sells, such as materials and labor.

Producing Efficiently

The process of manufacturing goods or delivering services in a way that minimizes waste, resources, and time while maximizing productivity and quality.

Direct Labour Hours Quantity

The total number of labor hours spent by workers who are directly involved in the production of goods or services.