1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena55 [62]
3 years ago
15

(CRM) system uses customer contact information for targeted _____. a. management b. inventory control c. marketing d. budgeting

Business
1 answer:
kobusy [5.1K]3 years ago
5 0

Answer:

c. marketing

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers. The fundamentals of customer relationship is based on improving customer service, sales support, marketing communications, and technical assistance, so as to bring satisfaction to the customers and increase sales for the company.

Typically, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

Hence, CRM system uses customer contact information for targeted marketing such as sending weekly letters, promotional messages, survey, etc.

You might be interested in
The future of work is characterized by (choose all that apply):
Jobisdone [24]

Answer:

B

Explanation:

You want a good impression with people and you also need people to help you along the way

3 0
3 years ago
If a local diner can sell 50 burgers per day at a price of $5 each, but must reduce the menu price to $4.95 to sell one more bur
wolverine [178]

Answer:

$2.45

Explanation:

The formula to compute the marginal revenue is shown below:

Marginal revenue = Change in total revenue ÷ Change in number of quantity sold

where,

Change in total revenue would be

50 burgers × $5 = $250

51 burgers × $4.95 = $252.45

So, the change in total revenue is

= $252.45 - $250

= $2.45

And, the change in number of quantity sold is

= 51 burgers - 50 burgers

= 1

So, the marginal revenue is

= $2.45 ÷ 1

= $2.45

4 0
3 years ago
Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in y
Airida [17]

Answer:

225,000 shares

Explanation:

A company's shares outstanding refers to the total number of shares investors currently own.

Beck Corp. issued 200,000 shares of common stock when it began operations in year 1 and issued an additional 100,000 shares in year 2.

In year 3, Beck purchased 75,000 shares of its common stock and held it in Treasury.

At December 31, year 3, the number of shares of Beck's common stock were outstanding is

200,000 shares in year 1

100,000 shares in year 2

Total Common Stock = 300,000

less: Treasury Stock of    75,000

Outstanding Stock = 225,000 shares

5 0
3 years ago
What are the functions of business.
expeople1 [14]
The most likely answer is option D
4 0
3 years ago
Which of the following help to build credit? Opening a bank account Employment stability A college degree Good rental history De
vladimir1956 [14]

good rental history helps build credit

6 0
3 years ago
Other questions:
  • (will mark brainlyst)
    5·1 answer
  • Paul splits an investment of $20000 , a portion earning simple interest at a rate of 3.8 % per year and the rest earning at a ra
    12·1 answer
  • Michael's, Inc., just paid $2.55 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
    12·1 answer
  • The CEO of Otis Elevators says they measure elevator populations in countries as units installed per thousand people. According
    10·1 answer
  • Given the rapid advancements in technology in developed countries and fast pace of globalization, it is not possible to bridge t
    9·1 answer
  • Is this the first time you have taken from the company? Is this the first time you have created an overdraft?"" These are exampl
    9·1 answer
  • In the Keynesian-cross model with a given MPC >0, the government-expenditure multiplier ______ the tax multiplier.
    14·1 answer
  • In a command economy, which group is most responsible for producing the
    13·1 answer
  • If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.
    9·1 answer
  • Jim and Evan enter into a real estate contract. The contract allows Evan to get a mortgage at 5% interest. But after due diligen
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!