Customer relationship management (CRM) is
A) a database application program designed to build long-term loyalty with customers through the use of a personal touch
B) the process of adding geographic codes to each customer record
C) the computer analysis of customer data to determine patterns, profiles, or relationships for the purpose of customer profiling or predicting purchase behavior
D) the collection, analysis, and use of large volumes of customer data to develop marketing programs and customer profiles
Correct Answer:
Verified
Q91: The process of collecting purchase history data
Q92: Data warehousing is
A) a database application program
Q93: Data mining is
A) a database application program
Q94: Database marketing is
A) a database application program
Q95: Data mining can be used for all
Q97: The second step in developing a CRM
Q98: The third step in developing a CRM
Q99: The last step in developing a CRM
Q100: The lifetime value of a customer is
Q101: The first step in calculating the lifetime
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