Chapter 2 (Customers)
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Questions and Answers

Which behavior is NOT one of the five core behaviors of networked customers?

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Which stage of the marketing funnel involves the choice of a referred company/product?

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What is the main purpose of an access strategy?

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What is the most efficient way for businesses to retain customers according to the text?

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Which of the following is a challenge that pre-digital firms may face in rethinking customer assumptions?

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What is the focus of the collaborate strategy?

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According to the text, what skills must businesses acquire in order to leverage customer networks outside the firm?

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What is the purpose of defining the impact in the context of strategy development?

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Which paradigm is used in the digital age to understand customers?

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What is the main difference between the mass-market model and the customer network model?

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How do customers in the digital age interact with brands and each other?

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What is the new reality that businesses need to recognize in the digital age?

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Which of the following is NOT a strategy for businesses to engage with their customers?

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What is the purpose of recommendation engines in the context of on-demand services?

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Which social media strategy can help businesses gain market insight?

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What is the purpose of hosting an online community for businesses?

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Which step in the process of developing a customer strategy involves defining both direct objectives and higher order objectives?

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What is the main difference between a collaborative strategy and a connect strategy?

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Which of the following is one of the five core customer network behaviors for developing a customer strategy?

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What is the purpose of the Customer Network Strategy Generator tool?

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