Question: Define the following terms and please complete sentence for each to show your understanding of each term. Customer lifetime value Customer relationship management (CRM) customers
Define the following terms and please complete sentence for each to show your understanding of
each term.
Customer lifetime value
Customer relationship management (CRM)
customers
exchanges
green marketing
market orientation
marketing
marketing concept
marketing environment
marketing mix
product
relationship marketing
Stakeholders
target market
value
attitude
attitude scale
buying behavior
cognitive dissonance
consideration set
Consumer buying behavior
consumer buying decision process
consumer misbehavior
Consumer socialization
Culture
evaluative criteria
extended decision making
external search
Impulse buying
Information inputs
internal search
Learning
level of involvement
lifestyle
limited decision making
Maslow's hierarchy of needs
motive
opinion leader
patronage motives
Perception
Personality
Psychological influences
reference group
roles
routinized response behavior
Selective distortion
selective exposure
selective retention
Self-concept
Situational influences
social class
social influences
subculture
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