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Basic Customer Relationship Management MCQ

1. Companies that successfully practice customer relationship management measure success by ________.

Answer

Correct Answer: Share of customer and lifetime value of the customer

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2. A customer who is both loyal and profitable is referred to as a ________.

Answer

Correct Answer: True believer.

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3. ______ is networks that connect people within a company to each other and to the company network

Answer

Correct Answer: Intranets

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4. CRM process begins ________

Answer

Correct Answer: After sales and before sales

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5. All of the above

Answer

Correct Answer: Speed up business process

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6. E-commerce involves the application of _____

Answer

Correct Answer: Knowledge Management systems

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7. One of the major problem for e-business growth is

Answer

Correct Answer: Lack of proper infrastructure

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8. Customers being able to buy products and services on the Internet is a result of _____

Answer

Correct Answer: E-business

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9. E-business stands for

Answer

Correct Answer: Electronic business

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10. A well-built e-business infrastructure is a combination of.

Answer

Correct Answer: All of the above

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11. This is a systematic approach to the gathering, consolidation, and processing of consumer data (both for customers and potential customers) that is maintained in a company’s databases.

Answer

Correct Answer: Database marketing

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12. This is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.

Answer

Correct Answer: Business intelligence

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13. When preparing a website, designers should ensure that the site enables user-to-user communication. This design feature is known as __________________.

Answer

Correct Answer: Context

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14. The type of website that engages consumers in interactions that will move them closer to a direct purchase is known as a ______________ website.

Answer

Correct Answer: Interactive

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15. CRM technology can help in

Answer

Correct Answer: All of the above

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16. This is the practice of dividing a customer base into groups of individuals that are similar in specific ways relevant to marketing, such as age, gender, interests, spending habits, and so on.

Answer

Correct Answer: Customer segmentation

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17. This is the practice of dividing a customer base into groups of individuals that are similar in specific ways relevant to marketing, such as age, gender, interests, spending habits, and so on.

Answer

Correct Answer: Customer segmentation

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18. This is a central point in an enterprise from which all customer contacts are managed.

Answer

Correct Answer: Contact center

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19. . In buyer decision process, percentage of potential customers in a given target market is called

Answer

Correct Answer: Marketing funnel

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20. In buyer decision process, percentage of potential customers in a given target market is called

Answer

Correct Answer: Marketing funnel

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21. In buyer decision process, percentage of potential customers in a given target market is called

Answer

Correct Answer: Marketing funnel

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22. The main drawback of CRM is

Answer

Correct Answer: All of the above

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23. _______uses sophisticated mathematical and statistical techniques such as neutral networking and cluster analysis.

Answer

Correct Answer: Data mining

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24. A _________ is an organized collection of detailed information about individual customers or prospects that is accessible, actionable and current for marketing purposes such as lead generation and others.

Answer

Correct Answer: Customer database
Customer mailing list

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25. CRM technology can help in

Answer

Correct Answer: All of the above

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26. What is the last stage of the consumer decision process?

Answer

Correct Answer: Post purchase behavior

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27. What Are The CRM Technology Components?

Answer

Correct Answer: All of these

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28. CRM is ________

Answer

Correct Answer: Customer centric

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29. Which of the following strategies is suited to the New Economy?

Answer

Correct Answer: Personalisation

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30. Which of the following strategies is suited to the Old Economy?

Answer

Correct Answer: Customisation

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31. An example of C2C IS:

Answer

Correct Answer: Ebay.com

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32. C2C stands for

Answer

Correct Answer: Business to government

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33. B2G stands for

Answer

Correct Answer: Business to government

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34. B2C stands for

Answer

Correct Answer: Business to Consumer

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35. B2B stands for

Answer

Correct Answer: Business to Business

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36. CRM stands for

Answer

Correct Answer: Customer relationship management

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37. This is the processing of data about customers and their relationship with the enterprise in order to improve the enterprise’s future sales and service and lower cost.

Answer

Correct Answer: CRM analytics

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38. ________ is the study of how individuals, groups and organizations select, buy, use and dispose of goods, services, ideas or experiences to satisfy their needs and wants.

Answer

Correct Answer: Consumer behavior

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39. _______is any occasion on which the brand or product is used by end customers.

Answer

Correct Answer: Customer touch point

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40. . The method used to assess real cost of providing services to an individual customer is

Answer

Correct Answer: Activity based accounting

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41. The marketing messages committed to customers wishes is a part of

Answer

Correct Answer: Permission marketing

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42. Difference between customers evaluation including all costs incurred and benefits is called

Answer

Correct Answer: Customer perceived value

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43. First step in analysis of customer value is to

Answer

Correct Answer: Identify customers value attributes

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44. . Company's monetary, time and energy cost, all are included in

Answer

Correct Answer: Total customer cost

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45. . Customized products and services for customers and interaction to individual customers are part of

Answer

Correct Answer: Customer relationship management

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46. Record which is based on business customers past purchases, sales price and volumes is classified as

Answer

Correct Answer: Business database

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47. The main drawback of CRM is

Answer

Correct Answer: All of the above

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48. Advantage of CRM

Answer

Correct Answer: Improve overall relationship with customer

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49. Any occasion on which brand or product is encountered by end customers is called

Answer

Correct Answer: Customer touch point

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50. Number of customers or potential customers who will help in company's growth is classified as

Answer

Correct Answer: Customer base
Retailer base

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51. v

Answer

Correct Answer: All of above

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52. Customers lifetime purchases that generate net present value of future profit streams is called

Answer

Correct Answer: Customer lifetime value

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53. Process of manage information about customers to maximize loyalty is said to be

Answer

Correct Answer: Customer relationship management

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54. Customer Relationship Management is about

Answer

Correct Answer: All of the above

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