Exam 10: Customer Relationship Management

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While a company's Internet presence may be desirable for finding information or conducting product transfers,touching products and talking face-to-face with company representatives remains an integral part of the supplier-customer interface.​

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The online retailer Ecatalog.com has decided to send consumers of the new John Grisham book an e-mail with suggestions for books with similar themes and has also offered them a 20% discount if those suggested books were purchased.This type of marketing/promotion is an example of:

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A good CRM program is only good if it is successfully implemented.Describe three important elements a firm should consider when designing and implementing a CRM program.

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When an organization attempts to offer the right products and services to customers at the right time through the offer of individual promotions tied to specific events,like birthdays and anniversaries,this is referred to as:​

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The element of a CRM program in which a customer's lifetime value is calculated is referred to as:

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You work for a company that segments customers by demographic information markets specifically to those customers who are located in the Los Angeles area.This is an example of:​

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Private clouds allow corporate users to internally manage their data centers.​

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Data Security in CRM is a new trend.Briefly describe the issue and discuss why it is something important to monitor.

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According to the text,firms are using social media for all of the following EXCEPT:

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Why do so many CRM programs fail?

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CRM can allow organizations to identify which customers have stopped purchasing products or services from the organization so that the organization can target those former customers for future promotions and/or perhaps to investigate why they stopped purchasing in the first place.The CRM attribute is called:

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