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IS-Specialized - U of L Personal Web Sites
IS-Specialized - U of L Personal Web Sites

... • Conversion Rates – Number of first time customer touches that result in a purchase • Financial – Return on Investment (ROI) – Cost/Benefit analysis ...
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... 2016 Markie Awards Submission – Best Customer Retention or Loyalty Program Every company says they are customer focused. But few actually deliver. Have you created a customer retention or loyalty program that has successfully transformed your customers into fiercely loyal brand advocates? If so, the ...
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... – Businesses create new products and improve existing products to maintain their current customers or attract new ones. For example, Verizon has introduced their new Xperia Play phone by Sony Ericson as the worlds first Playstation certified phone. Verizon Xperia ...
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... • Are the results of segmentation and target marketing harmful or beneficial to society as a whole? • How large should a segment be? Do firms ever have an ethical obligation to develop products for small, unprofitable segments? • Some firms are criticized for targeting unwholesome products to certai ...
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... (All 4 P’s of marketing are contained in the marketing functions) 1. Marketing Information Management – a marketing function that involves gathering, recording, analyzing and disseminating information to aid in making marketing decisions. Many people refer to this function as market research. 2. Pro ...
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... • What CRM Is CRM is a strategy used to: 1) learn more about constituent’s needs and behaviours in order to develop stronger relationships with them and 2) maximize the value of those constituent relationships through the intelligent and responsible use of relevant data. If done right, organizations ...
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... Offering only market products which are appropriately targeted, clear, and unambiguous and highlight the risks and conditions as well as the key features and benefits. Ensuring Customers understand any risks associated with products and services. Ensuring services are delivered to customers openly, ...
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Consumer Behavior: People in the Marketplace

... Customer Relationship Marketing  Reduce rate of customer defection  Increase longevity of customer relationship  Enhance growth potential through cross-selling and up-selling  Make low profit customers more profitable or terminate them  Focus disproportionate effort on high value customers ...
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... most Millennials consult their smartphones first–even when they’re in your store and a human – a human paid to assist them – is standing at the ready. Don’t wear them down by requiring them to contact you for the transactional details I generically refer to as Stupid Stuff™. A millennial customer is ...
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... • It can be really helpful to understand what the customer is feeling and reasoning, because product features can be added that help the customer gain a more favourable feeling to the product. ...
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... play a crucial and efficient role in the choices made by different consumers. It being so, the firms take some initiatives to be able to make themselves distinguishable amongst the countless products. Among these initiatives, one of the approaches towards the postmodern customer is experiential mark ...
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... Delivering value involves meeting a “need” ◦ Requires identifying or creating customers’ needs  Most products identify and meet existing needs  Some new products (rare) create new needs ...
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Customer experience

Customer experience (CX) is the product of an interaction between an organization and a customer over the duration of their relationship. This interaction includes a customer's attraction, awareness, discovery, cultivation, advocacy and purchase and use of a service. It is measured by the individual's experience during all points of contact against the individual's expectations.Analysts and commentators have increasingly recognized the importance of managing the customer's experience.
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