What is the main goal of Customer Relationship Management?
A. Increase product production
B. Build long term Relationship
C. Increase employee salaries
D. Eliminate competitors
B. BUILD LONG TERM RELATIONSHIP
CRM focuses more on acquiring new customers.
FALSE
A CRM type that automates sales and marketing processes.
OPERATIONAL CRM
LAROBLCVIAETO
COLLABORATIVE
Automated emails and follow-ups are examples of marketing ____________.
AUTOMATION
What type of CRM focuses on analyzing customer data?
A.Operational CRM
B. Analytical CRM
C. Collaborative CRM
D. Manual CRM
B. ANALYTICAL CRM
Analytical CRM helps business understand customer buying patterns.
TRUE
A CRM type that analyzes customer behavior and data.
ANALYTICAL CRM
YLOAYLT
LOYALTY
Departments sharing customer information is an example of ___________CRM.
COLLABORATIVE
Which of the following is not a feature of CRM?
A. Contact Management
B. Sales tracking
C. Customer data base
D. Machine Production
D. MACHINE PRODUCTION
CRM systems can improve customer satisfaction.
TRU
A system used to store and organize customer information.
CRM
TOMTAAUINO
AUTOMATION
The total revenue a business expects from a customer over time is called customer _________.
VALUE
CRM is most useful in helping the business to:
A. Ignore customer feedback
B. Increase short-term sales only
C. Personalize marketing strategies
D. Eliminate customer service
C. PERSONALIZE MARKETING STRATEGIES
Customer Acquisition is one of the main objectives of CRM.
FALSE
A CRM feature that tracks leads and performance.
SALES MANAGEMENT/TRACKING
EITMLFIE EUVAL
LIFETIME VALUE
CRM helps improve customer ___________ by giving quality products and faster services.
SATISFACTION