One of the benefits of using customer data to identify customers better is that attention to customer needs and wants will likely result in
A)higher prices than the market leader charges.
B)increased competition.
C)long-term relationships.
D)strong connections among competing firms in the marketplace.
E)lower prices.

Question

Quizplus · Accepted Answer

When a business uses customer data to identify their customers better, it can tailor their products and services to meet the specific needs and wants of their customers. This attention to customer needs can help to build long-term relationships with customers, which is beneficial for the business as it can lead to increased customer loyalty and repeat business.

One of the Benefits of Using Customer Data to Identify