CRM Essentials Quiz
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Questions and Answers

What did the early work done by business-to-business marketing research in the early 1980s provide the framework for?

  • Future challenges for CRM
  • Utilizing customer feedback effectively
  • Importance of relationships and their immense potential (correct)
  • Privacy issues in CRM
  • What is CRM tasked with?

  • Predicting future challenges for businesses
  • Identifying profitable customers and managing relationships with them (correct)
  • Maximizing marketing research efforts
  • Ensuring customer privacy in all interactions
  • According to Jeff Bezos, what does focusing on the customer do for a company?

  • Makes it more resilient (correct)
  • Improves customer feedback
  • Increases marketing success
  • Enhances business development
  • What are the three stages in the CRM cycle described in the text?

    <p>Marketing research, business development, and customer feedback</p> Signup and view all the answers

    What is the evolution of the importance of relationships to marketing success referred to as?

    <p>Customer Relationship Management (CRM)</p> Signup and view all the answers

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