Asked by Donald Winters on Apr 28, 2024
Verified
The process by which companies get new customers, keep the customers they already have, and grow the business by increasing their share of customers' purchases is called
A) adaptive selling.
B) value selling.
C) customer relationship management.
D) sales force management.
E) the FAB approach.
Customer Relationship Management
A system for managing a company's interactions with current and potential customers, often using data analysis to study large amounts of information.
- Acquire knowledge on the essential functions and benefits of Customer Relationship Management (CRM) systems in sales practices.
Verified Answer
TC
Theresa ChidinmaMay 01, 2024
Final Answer :
C
Explanation :
Customer Relationship Management (CRM) is the strategy for managing a company's interactions with current and potential customers. It involves using data analysis about customers' history with a company to improve business relationships, specifically focusing on customer retention and ultimately driving sales growth.
Learning Objectives
- Acquire knowledge on the essential functions and benefits of Customer Relationship Management (CRM) systems in sales practices.
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