A(n)________ system is a suite of applications, a database, and a set of inherent processes for managing all the interactions with the customer, from lead generation to customer service.

A. business process reengineering
B. customer pomological network
C. customer relationship management
D. enterprise resource planning
E. customer lifecycle management


Answer: C

Business

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a. By subtracting the cost of goods sold from sales b. By subtracting the total operating expenses from sales c. By subtracting the total operating expenses from gross profit d. By subtracting selling expenses from operating revenues

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Goods in transit are included in a purchaser's inventory:

A. After the half-way point between the buyer and seller. B. When the supplier is responsible for freight charges. C. When the goods are shipped FOB shipping point. D. At any time during transit. E. If the goods are shipped FOB destination.

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Answer the following statements true (T) or false (F)

Although there are exceptions, revenue is generally recognized at the time cash is collected.

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________ are the benefits gained by firms that are the first to enter new markets, establish brand identity, and/or adopt new technologies.

A. Competitive aggressiveness B. Technological capabilities C. Breakthrough innovations D. First-mover advantages

Business