Enhancing and Optimizing Customer Retention and _______________ Is a Major

question 19

Short Answer

Enhancing and optimizing customer retention and _______________ is a major business strategy and primary objective of customer relationship management.

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Definitions:

Fertilizer

Substances used to supply essential nutrients to plants, aiming to enhance growth, yields, and quality of agricultural produce.

Bushels

A unit of volume that is used in dry measure, equal to 32 quarts or approximately 35.2 liters.

Price

The price required to be paid for a product or service.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.