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Consider the following statement: Marketing seeks to create and manage profitable customer relationships by delivering customer value and satisfaction to customers. Given this statement, answer

Consider the following statement: "Marketing seeks to create and manage profitable customer relationships by delivering customer value and satisfaction to customers." Given this statement, answer the following questions.

  1. Discuss why it is critical for marketing practitioners to provide customer value and make target customers satisfied when it comes to building and managing long-term profitable relationships with them.
  2. Figure out how to measure two concepts of Customer Value and Satisfaction along with some examples of quantifying both concepts

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