The second step in developing a CRM program is to
A) differentiate customers in terms of their needs and value to the organization
B) interact with customers in a cost-effective and efficient manner
C) customize the product offering to meet individual customer needs
D) use data mining to determine the optimal customer profile
Correct Answer:
Verified
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
Q96: Customer relationship management (CRM) is
A) a database
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
Q102: To calculate the lifetime value of a
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