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business vocab revie
Term | Definition |
---|---|
CRM (Customer Relationship Management) | allow a company to manage and analyze |
touch points | when a consumer interacts with a business |
relationship buying | when salesperson tries to win customer loyalty |
CEM (Customer Experience Management | product of an interaction between an organization and a customer over the duration of their relationship |
customer centric | approach to doing business that focuses on providing a positive customer experience |
corporate culture | refers to beliefs and behaviors that determine how a company's employees and management interact. |
business process management | a disciplined approach to identify, design, execute, document, measure, monitor, and control both automated and non-automated business processes to achieve results |
continuous improvement | an ongoing effort to improve products, services, or processes. |
customer loyalty | positively related to customer satisfaction as happy customers consistently favor the brands that meet their needs. |
product development | a broad process or method for bringing products in to the market that involves many companies or teams. |
word of mouth promotion | when a customer experiences a products or a service and recommends the product or service to someone else. |
market campaigns | promote products through different types of media |
sale leads | a person or business who could eventually become a client |
customer service | service to customers that come before and after a purchase. |
customer complaints | an expression of dissatisfaction on consumer's behalf |