BUSINESS ADMINISTRATION
CUSTOMER RELATION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Marketer must lower down price to increase its number of customers.
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True
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False
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Explanation:
Detailed explanation-1: -Option B is the correct answer. Marketing is a tool used to create awareness about the company’s products to increase demand for the products. This helps in increasing the company’s revenues. As the demand for the goods increases, the production activities will also increase, resulting in more jobs in the economy.
Detailed explanation-2: -Customer value can be increased by increasing the quality of a product or service. Customer value is equal to the perceived benefits minus the perceived costs in the mind of a customer.
Detailed explanation-3: -Inventory is not a function of marketing.
Detailed explanation-4: -Premium pricing is not a market-based pricing method.
There is 1 question to complete.