What is segmenting customers and why is it perhaps the most important activity in CRM? What do
Question:
What is “segmenting customers” and why is it perhaps the most important activity in CRM? What do firms typically do with the segments of customers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
Companies group customers in varieties of ways so that specialized commu...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Principles of Supply Chain Management A Balanced Approach
ISBN: 978-1337406499
5th edition
Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong
Question Posted:
Students also viewed these Business questions
-
What is segmenting customers, and why is it perhaps the most important activity in CRM?
-
Perhaps the most important data items in any database system are the passwords that control access to the database. Suggest a scheme for the secure storage of passwords.Be sure that your scheme...
-
Why do firms with diverse shareholder bases typically pay higher dividends than private firms or public firms with more-concentrated ownership structures? How are fixed dividends used as a bonding...
-
Consider a long cylindrical solenoid with diameter R, number of current loops N and length L through which a current I runs. Now (a) Use Ampre's law to calculate the magnetic field inside the...
-
Didrikson Rubin, the auditor of Red Barn Farm Equipment, was verifying cash payments to vendors for the past several months. She noticed that several checks had been paid to a specific vendor, but...
-
What kinds of questions do you think Cincinnati officials asked Graeter's owners before agreeing to loan the company $10 million? Why would Graeter's go with this financing arrangement rather than...
-
True or False: A rotating machine with mounting feet that run the entire length of the frame only needs to be shimmed at the four corners.
-
Comparative financial statement data of Tanfield, Inc. follow: 1. Market price of Tanfield's common stock: $ 86.58 at December 31, 2015, and $ 46.54 at December 31, 2014. 2. Common shares...
-
The controller of Rather Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine Hours January $2,500...
-
You are a senior auditor employed in a mid-tier accounting firm, working on the audit of Dream Rock Watches Ltd (DRW) for the year ended 30 June 2022. The audit partner has asked you to assist in the...
-
Describe why CRM is so important in managing supply chains. What do firms with good CRM programs do? Can you cite an example aside from the ones mentioned in this chapter?
-
Pick a specific company near your residence and describe how they could personalize their communications with you, the customer.
-
Comparison of alternative joint-cost-allocation methods, further-processing decision, chocolate products. The Chocolate Factory manufactures and distributes chocolate products. It purchases cocoa...
-
Write the name and applications of different hand tools used in sheet metals.
-
Explain various case hardening processes of steel.
-
According to an article in the Wall Street Journal, the inflation rate in Zimbabwe in 2023 was greater than 200 percent per month. The article noted that most businesses once again demand payments in...
-
Write notes on the process and full annealing.
-
During hyperinflations, money loses value rapidly, and so consumers try to spend it as soon as they receive it, converting it into goods or other assets. a. What do you think happens to the velocity...
-
In problem, find the following for each pair of points: (a) The distance between the points (b) The midpoint of the line segment connecting the points (c) The slope of the line containing the points...
-
For each equation, (a) Write it in slope-intercept form (b) Give the slope of the line (c) Give the y-intercept (d) Graph the line. 7x - 3y = 3
-
When a service competes using a cost leadership strategy, does this mean the service is low quality? Explain.
-
Using the formula for productivity, describe all the ways that firms can increase productivity. Which of these ways might be considered risky?
-
What is edutainment? Does your university use it? How?
-
Blue Ships Ltd (BSL) owned a vessel (Blue Whale) which is chartered to Black Eagle Co (BEC). They agreed to the Standard Boat Charter clauses which contents required BEC to ensure insurance covered...
-
Able raises llamas on his ranch. Many of the llama are very valuable because of their excellent coats. His most prized llama wanders off the ranch. Able is concerned because llamas face many natural...
-
You own a hotel in a fairly quiet neighborhood west of the City of Boston. Except for an occasional disturbance, petty theft in the hotel room, disorderly conduct in the bar or restaurant, there have...
Study smarter with the SolutionInn App