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What is the difference between mail merge and email templates?

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What is the difference between mail merge and email templates?
A) Templates are more personalized and better at getting contacts to engage with a sales rep.
B) They are basically the same, except that mail merge lets you email multiple contacts at the same time while templates require you to send emails one at a time.
C) They are different names for the same thing.
D) Mail merge is more efficient and is better at increasing a sale rep’s reach.