(CRM) Customer Relationship Management Multiple Choice Questions with Answers

(CRM)Customer Relationship Management Multiple Choice Questions with Answers:- 1. Customer Relationship Management is about a) Acquiring the right customer b) Instituting the best processes c) Motivating employees d) All of theabove Answer: 2. CRM technology can help in a) Designing direct marketing efforts b) Developing new pricing models c) Processing transactions faster d) All of theabove Answer: 3. A is an organized collection of detailed information about individual customers or prospects that is accessible, actionable and current for marketing purposes such as lead generation and others. a) Customer database b) Customer mailing list c) Business database d) None of theabove Answer: 4. uses sophisticated mathematical and statistical techniques such as neutral networking and cluster analysis. a) Data mining b) Data survey c) CRM d) None of theabove Answer: 5. The main drawback of CRM is a) Implementing CRM before creating a customer strategy b) Rolling out CRM before changing the organization to match c) Stalking, not wooing, customers d) All of theabove Answer: 6. The marketing messages committed to customers wishes is a part of a) Permission marketing b) Activity marketing c) Supplier marketing d) None of theabove Answer: 7. The method used to assess real cost of providing services to an individual customer is a) Cost based accounting b) Activity based accounting c) Turnover based accounting d) Price based accounting Answer: 8. is any occasion on which thebrand or product is used by end customers. a) Customer touch point b) Retailers touch point c) Company touch point d) None of theabove Answer: 9. is thestudy of how individuals, groups and organizations select, buy, use and dispose off goods, services, ideas or experiences to satisfy their needs and wants. a) Consumer behavior b) Product cycle c) Purchase behavior d) None of theabove Answer: 10. A consumer buying behavior is influenced by a) Cultural and social factors b) Personal factors c) Both a and b d) None of theabove. Answer: 11. exerts thebroadest and deepest influence on buying behavior. a) Social factors b) International factors c) Personal factors d) Cultural factors Answer: 12. is thefundamental determinant of a person’s wants and behavior. a) Culture b) Attitude c) Value d) None of theabove Answer: 13. Indian marketers use a term called socioeconomic classification, which is based on the of chief wage earner. a) Education b) Occupation c) Both a and b d) None of theabove Answer: 14. Socioeconomic system classifies urban households into broad categories. a) 4 b) 8 c) 6 d) None of theabove Answer: 15. For therural areas, thesocioeconomic system use of thechief wage earner. a) Occupation and Type of home b) Education and occupation c) Education and type of home d) None of theabove Answer: 16. Socioeconomic system classifies rural households into broad categories. a) 8 b) 6 c) 4 d) None of theabove Answer: 17. Social class is indicated by variables. a) Single b) Several c) None d) None of theabove Answer: 18. A person’s are all thegroups that have a direct or indirect influence on their attitudes or behavior. a) Inspirational groups b) Reference groups c) Dissociative groups d) None of theabove Answer: 19. Process of manage information about customers to maximize loyalty is said to be a) company relationship management b) supplier management c) retailers management d) customer relationship management Answer: 20. In buyer decision process, percentage of potential customers in a given target market is called a) customer funnel b) company funnel c) marketing funnel d) retailers funnel Answer: 21. Aggregate value of customer's base is classified as a) shareholder value b) base value c) retention value d) marketers base value Answer: 22. Record which is based on business customers past purchases, sales price and volumes is classified as a) business database b) customer database c) databases marketing d) company marketing Answer: 23. Whole cluster of benefits when company promises to deliver through its market offering is called a) value proposition b) customer proposition c) product proposition d) brand proposition Answer: 24. Third step in customer's value analysis a) assessing attributes importance b) assessing company's performance c) monitoring competitors performance d) both b and c Answer: 25. All costs customer expects to incur to buy any market offering is called a) total economic cost b) total functional cost c) total customer cost d) total functional cost Answer: 26. Percentage or number of customers who move from one level to next level in buying decision process is called a) conversion rates b) marketing rates c) shopping rates d) loyalty rates Answer: 27. Customized products and services for customers and interaction to individual customers are part of a) retailers management b) customer relationship management c) company relationship management d) supplier management Answer: 28. Company's 'customer relationship capital' is another name of a) satisfied customers b) dissatisfied customers c) customer retention d) customer conversion Answer: 29. Company's monetary, time and energy cost, all are included in a) total customer cost b) psychological cost c) personal benefits d) image benefits Answer: 30. A person or company that yields a revenue more than incurred costs of selling and serving is called a) dissatisfaction b) superior value c) profitable customers d) satisfied customers Answer: 31. Customers lifetime purchases that generate net present value of future profit streams is called a) customer lifetime value b) customer purchases value c) customer cost incurred d) customer relationships Answer: 32. 'total customer benefits' includes a) product benefits b) services benefit c) image benefit d) all of above Answer: 33. Programs designed for customers which is limited to any affinity group are classified as a) club membership programs b) royalty programs c) loyalty programs d) group membership programs Answer: 34. First step in analysis of customer value is to a) identify customers value attributes b) assessing attributes importance c) assessing company's performance d) assessing competitors performance Answer: 35. Difference between customers evaluation including all costs incurred and benefits is called a) customer perceived value b) company market value c) customer affordability d) customer reliability Answer: 36. Process of building, organizing and using databases of customers to build customer relationship is classified as a) database marketing b) customer database c) detailed database d) company database Answer: 37. Perceived monetary value of all benefits which customers expect from a given product because of brand image is called a) total customer benefit b) total customer cost c) total economic cost d) total functional cost Answer: 38. System includes all experiences while using market offering is classified as a) customer proposition b) value delivery system c) product proposition d) distinctive proposition Answer: 39. Number of customers or potential customers who will help in company's growth is classified as a) customer base b) retailer base c) distributors base d) marketers base Answer: 40. Any occasion on which brand or product is encountered by end customers is called a) customer touch point b) company touch point c) retailers touch point d) relationship touch point Answer: 41. Technique which tries to identify real cost of serving an individual customer is called a) activity based accounting b) cost based accounting c) price based accounting d) turnover based accounting Answer: 42. Process of manage information about customers to maximize loyalty is said to be a) company relationship management b) supplier management c) retailers management d) customer relationship management Answer: 43. In buyer decision process, percentage of potential customers in a given target market is called a) customer funnel b) company funnel c) marketing funnel d) retailers funnel Answer: 44. Aggregate value of customer's base is classified as a) shareholder value b) base value c) retention value d) marketers base value Answer: 45. Record which is based on business customers past purchases, sales price and volumes is classified as a) business database b) customer database c) databases marketing d) company marketing Answer: 46. Whole cluster of benefits when company promises to deliver through its market offering is called a) value proposition b) customer proposition c) product proposition d) brand proposition Answer: 47. This is an approach to selling goods and services in which a prospect explicitly agrees in advance to receive marketing information. a) customer managed relationship b) data mining C) permission marketing d) one-to-one marketing e) batch processing Answer: 48. In an Internet context, this is thepractice of tailoring Web pages to individual users’ characteristics or preferences. a) Web services b) customer-facing C) client/server d) customer valuation e) personalization Answer: E 49. This is theprocessing of data about customers and their relationship with theenterprise in order to improve theenterprise’s future sales and service and lower cost. a) clickstream analysis b) database marketing C) customer relationship management d) CRM analytics e) B2C Answer: 50. This is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions. a) best practice b) data mart C) business information warehouse d) business intelligence e) business warehouse Answer: 51. This is a systematic approach to thegathering, consolidation, and processing of consumer data (both for customers and potential customers) that is maintained in a company’s databases. a) database marketing b) marketing encyclopedia C) application integration d) service oriented integration e) business technology management Answer: 52. This is an arrangement in which a company outsources some or all of its customer relationship management functions to an application service provider (ASP). a) spend management b) supplier relationship management C) hosted CRM d) Customer Information Control System e) online transaction processing Answer: 53. This is an XML-based metalanguage developed by theBusiness Process Management Initiative (BPMI) as a means of modeling business processes, much as XML is, itself, a metalanguage with theability to model enterprise data. a) BizTalk b) BPML C) e-biz d) ebXML e) ECB Answer: 54. This is a central point in an enterprise from which all customer contacts are managed. a) contact center b) help system C) multichannel marketing d) call center e) help desk Answer: 55. This is thepractice of dividing a customer base into groups of individuals that are similar in specific ways relevant to marketing, such as age, gender, interests, spending habits, and so on. a) customer service chat b) customer managed relationship C) customer life cycle d) customer segmentation e) change management Answer: 56. In data mining, this is a technique used to predict future behavior and anticipate theconsequences of change. a) predictive technology b) disaster recovery C) phase change d) Digital Silhouettes e) predictive modeling Answer: 57. This is an approach to selling goods and services in which a prospect explicitly agrees in advance to receive marketing information. a) customer managed relationship b) data mining C) permission marketing d) one-to-one marketing e) batch processing Answer: 58. In an Internet context, this is thepractice of tailoring Web pages to individual users’ characteristics or preferences. a) Web services b) customer-facing C) client/server d) customer valuation e) personalization Answer: E 59. This is theprocessing of data about customers and their relationship with theenterprise in order to improve theenterprise’s future sales and service and lower cost. a) clickstream analysis b) database marketing C) customer relationship management d) CRM analytics e) B2C Answer: 60. This is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions. a) best practice b) data mart C) business information warehouse d) business intelligence e) business warehouse Answer: 61. This is a systematic approach to thegathering, consolidation, and processing of consumer data (both for customers and potential customers) that is maintained in a company’s databases. a) database marketing b) marketing encyclopedia C) application integration d) service oriented integration e) business technology management Answer: 62. This is an arrangement in which a company outsources some or all of its customer relationship management functions to an application service provider (ASP). a) spend management b) supplier relationship management C) hosted CRM d) Customer Information Control System e) online transaction processing Answer: 63. This is an XML-based metalanguage developed by theBusiness Process Management Initiative (BPMI) as a means of modeling business processes, much as XML is, itself, a metalanguage with theability to model enterprise data. a) BizTalk b) BPML C) e-biz d) ebXML e) ECB Answer: 64. This is a central point in an enterprise from which all customer contacts are managed. a) contact center b) help system C) multichannel marketing d) call center e) help desk Answer: 65. This is thepractice of dividing a customer base into groups of individuals that are similar in specific ways relevant to marketing, such as age, gender, interests, spending habits, and so on. a) customer service chat b) customer managed relationship C) customer life cycle d) customer segmentation e) change management Answer: