Ch 3 Business

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UndauntedSaxophone9057
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What is the primary goal of affinity programs?

To foster long-term relationships between customers and a business

What is the focus of one-to-one marketing?

Customizing products and marketing to individual customers

What is the primary function of customer relationship management (CRM) software?

To gather, sort, and interpret customer data

Which element of the marketing mix is not mentioned in the text?

<p>Product development</p> Signup and view all the answers

What type of data is Statistics Canada a major source of?

<p>Secondary data</p> Signup and view all the answers

What is the most common form of consumer market segmentation?

<p>Demographic</p> Signup and view all the answers

What is the primary benefit of using CRM software?

<p>Customizing marketing to individual customers</p> Signup and view all the answers

What is the main objective of a loyalty program?

<p>To encourage repeat business</p> Signup and view all the answers

What is the primary focus of target marketing?

<p>Identifying and targeting specific customer groups</p> Signup and view all the answers

What is the primary benefit of using affinity programs?

<p>Building long-term relationships with customers</p> Signup and view all the answers

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