Summarize Why CRM Is More Than Just Technology and Must

question 72

Essay

Summarize why CRM is more than just technology and must be embraced on an enterprisewide level, along with the types of things an organization can determine when using a CRM system.

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Definitions:

Budget Deficits

Occurs when a government spends more money than it receives in revenue over a specified period, leading to an accumulation of debt.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of budget deficits over years.

Interest Rates

The expense associated with lending money or the incentive for saving it, typically described as a percent of the total amount per year.

Capital Accumulation

The process of acquiring additional assets or wealth, particularly by businesses or the economy, to create further wealth or produce goods and services.