In the Twenty-First Century,________ Remains an Essential Element of Any

question 84

Multiple Choice

In the twenty-first century,________ remains an essential element of any marketing strategy to develop and manage long-term customer relationships.

• A) storing
• B) pricing
• C) financing
• D) communication
• E) grading

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Definitions:

Revenue

The total amount of money received by a company from its business activities, like sales of goods or services.

Fixed Cost

A cost that does not change with the increase or decrease in the amount of goods or services produced, such as rent, salaries, and insurance.

Planning Budget

A financial plan that estimates income, expenses, and resources over a period, often used for guiding management decisions.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.