GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of a customer relationship management initiative:
A
A “frequent-shopper” program
B
New accounting software
C
Expansion of the product-development budget
D
A new bonus system for the sales staff
Explanation: 

Detailed explanation-1: -Sending out a thank you when a customer makes a purchase. Upsell or cross-sell a client if they purchase a particular product. Offering a birthday greeting with a promo code. Sending a discount to a customer that hasn’t made a purchase recently.

Detailed explanation-2: -Tracking customer behavior. Automated feedback collection. Data-driven decisions. Personalized customer experiences. Automated customer service relationships. Omnichannel service. Strong social media presence. Marketing automation. 21-Oct-2022

Detailed explanation-3: -Transactional. This means there is no real relationship between the company and the customer. Long-term. Personal assistance. Dedicated personal assistance. Self-service. Automated services. Communities. Co-creation. More items

Detailed explanation-4: -By Candace Huntly. TRANSACTIONAL CUSTOMER RELATIONSHIPS. EMOTIONAL CUSTOMER RELATIONSHIPS. COMMUNITY-BASED CUSTOMER RELATIONSHIPS. VALUE-ADD CUSTOMER RELATIONSHIPS. 11-Feb-2023

There is 1 question to complete.