A form used by a seller to inform the buyer of the amount the seller proposes to credit to the account receivable due from the buyer.

Answer: credit memo

Business

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Identify the correct statement about the CRM-based marketing system

A) The acquisition rate is the percentage of customers in group that were obtained at the same time who are still customers. B) Share of wallet indicates what percent of all purchase value in the category is your brand. C) The survival rate is the probability of a customer being active or purchasing in a given time frame. D) The lifetime duration is the percentage of customers who return who had previously defected.

Business

Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also eager to try out other stores in the neighborhood

He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned. A) aware B) open to trial C) most often used D) nonrejecter E) regular user

Business