Which of the following actions is associated with creating and managing contacts?

Creating and managing contacts involves maintaining customer information and communication, which is a crucial part of building and nurturing relationships with clients. This process includes updating contact details, tracking interactions, noting preferences, and managing ongoing communications. These activities enable sales professionals to personalize their approach and ensure that they are meeting the needs of their clients effectively.

In contrast, setting sales goals is related to strategic planning rather than the day-to-day management of contacts. Developing marketing materials pertains more to the creation of promotional content and does not directly involve the management of customer relationships. Conducting financial audits focuses on evaluating a company's financial status and is not connected to managing contacts in a sales or customer relationship context. Thus, maintaining customer information and communication is the core action associated with creating and managing contacts.