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The Ultimate Aim of Customer Relationship Management Is to Produce

question 81

Short Answer

The ultimate aim of customer relationship management is to produce ________.


Definitions:

Natural Monopoly

A market structure where a single firm can provide a product or service at a lower cost than any potential competitor, often due to economies of scale.

Average Total Cost

The total cost of production divided by the total output, or the cost per unit of output on average.

Pharmaceutical Company

A commercial business that researches, develops, makes, and sells pharmaceutical drugs and treatments.

Average Revenue

The total revenue divided by the quantity sold, representing the amount of revenue generated per unit of output sold.

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