A Local Art Gallery Keeps Information on Its Customers Regarding

question 18

Multiple Choice

A local art gallery keeps information on its customers regarding their preferences for certain artists as well as the style of art that interests them.The gallery uses this information to inform the customers when new products arrive from their favorite artists and targets them with special promotions.In this way,the gallery is using _______ to build loyalty among its customers.

• A) value cocreation
• B) customer relationship management
• C) transactional marketing
• D) B2B marketing
• E) the supply chain

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Definitions:

Expected Amount

The predicted quantity or volume, often based on statistical analysis or previous data trends.

Probability Model

A mathematical representation of a random phenomenon, described by its sample space, events within the sample space, and probabilities associated with each event.

Deck Of Cards

A set of 52 cards typically divided into four suits, used for playing various games.

Probability Model

A mathematical representation or framework that describes the possible outcomes of a random phenomenon and the likelihood of each outcome.