Exam 12: Customer Relationship Management

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Improvements in the speed and security of the Internet have recently spurred interest and demand for in-sourced CRM systems.

(True/False)
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By using technology to analyze consumer data, companies found that ________ sales to loyal, repeat customers is much more profitable than acquiring new customers.

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Why are some consumer advocates upset with the growth of CRM?

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The focus of a CRM system should be always be on enhancing the ________ experience.

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CRM began in response to a changing market environment as mass marketing gave way to focused segment marketing and finally, target marketing to a(n):

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How is the focus of CRM now shifting from its tactical to its strategic impact?

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Customer profiling makes it harder to have individualized contact with a customer.

(True/False)
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Because they collect and organize consumer data and make it easier to share it, CRM systems have come under fire for ________ and ethical violations.

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CRM systems typically process ________ information such as customer contact data and profiles.

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CRM provides support for front-end customer facing functionality.

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Why is it important that CRM be customer-driven rather than technology-driven?

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The ________ server houses the backend database and possibly retrieves information from other database systems in the company.

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What is CRM? How has it evolved?

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The CRM ________ server provides an extranet access point for external users such as vendors.

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Legislation has been passed that restricts collecting data from ________ even though they are a powerful buying segment.

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It is easier and more economical to implement an ERP with a CRM system.

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A company may also choose a hosted architecture where the CRM vendor runs and maintains the CRM applications and data on their own web site.

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Typical CRM systems follow a cloud architecture.

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CRM project deadlines should be firm to account for the organizations ability to change and not simply adhering to a delivery schedule set by a vendor.

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Customer tracking and profiling are key tools for effective CRM.

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