Data Mining in a CRM Environment Is Normally an Informal

question 8

True/False

Data mining in a CRM environment is normally an informal process of collecting customer information through customers' feedback on products.

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Definitions:

Wholesalers

Businesses that buy goods in bulk from manufacturers or distributors and sell them in smaller quantities to retailers or other businesses.

Merchandising Company

A business that purchases finished products and sells them to consumers without changing their form.

Inventory

Goods or materials a business holds for the purpose of resale or production.

State Sales Tax

A tax imposed by a state on sales of goods and services, typically calculated as a percentage of the sale price.