Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Customer profitability analysis is very important topic to managers in the modern business environment.
Evaluate the above statement.
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- Search the Internet for a company that supplies Customer Relationship Management (CRM) systems for mid-size and large companies. Learn all you can about the company’s CRM product/s. Take a look at its competitors as well. Armed with the product knowledge and competitor analysis you have gained, compose a sales letter (as an email) to a mid-size company in need of CRM software. You’re free to make up details about the customer’s problem/s so that you can show the benefits and value proposition of your solution. Your letter should follow proper email format, including being single spaced, and be no more than one page in length. Once you have posted your sales letter, read the letters of your peers and respond to 3 letters. Pretend that you are the customer and respond as you would if you were to receive such a sales letter.arrow_forwardWhy the aim of customer relationship management is to create not just customer satisfaction, but also customer delight ?arrow_forwardSelect two stores that you shop regularly. What competitive advantages do those stores have over their competitors that cause you to shop there rather than at the competitors? Develop your personal mission statement, with supporting goals.arrow_forward
- What advantages can customer relationship management provide a business and its clients? Give examples to clarify.arrow_forwardIn order to develop increased levels of customer connection, managers need to have a crystal clear knowledge of the goals they have set for themselves.Find four (4) CRM objectives that are comparable to one another.arrow_forwardWith regards to the banking, retail, airline, or parcel delivery industries, which three firms are you engaged in business with? In what ways does information technology (IT) actively involve, educate, or deliver a unique customer experience? To what extent does digital technology demonstrate efficacy in customer retention?arrow_forward
- Analyze the role of customer retention strategies in sustaining subscription-based business models, using case studies from industries like streaming services and software.arrow_forwardThese four elements are fundamental to any successful customer relationship management platform.arrow_forwardYou have recently been appointed sales manager of a company selling used cars. Sales are declining and you suspect that a major factor causing this decline is a lack of motivation amongst the salesforce. At present they are paid a straight salary, the size of which is dependent on the length of service. Outline your thoughts regarding how you would approach this situation. Write a research and findings base on Compare industry norms, in terms of sales and compare with present results. Compare industry sales average and the present level of sales. Discuss the possible causesarrow_forward
- How do subscription box models, like those used by companies such as Birchbox or Blue Apron, differentiate themselves and maintain customer engagement over time?arrow_forwardHow does CRM software assist in sales automation, lead management, and customer support?arrow_forwardWhat are the relationship between sales, customer service, product development and marketing . Please answer briefly and also Identify the principles of the marketing mix for a business product or service.arrow_forward
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