For CRM to Work Well,it Takes

question 112

Multiple Choice

For CRM to work well,it takes:

• A)Money and time.
• B)Good lobbyists in Washington.
• C)Commitment and continuous attention.
• D)A reduction in the number of corporate VP's.
• E)Very strict discipline.

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Definitions:

Implicit Costs

Non-out-of-pocket costs, often opportunity costs, that represent the lost opportunity to use resources in an alternative way.

Short Run

The period of time during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs and operations to market demands.

Fixed Resource

A resource or asset in production whose quantity cannot easily be increased or decreased in the short term.