Evaluation:
Published: 11.08.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'CRM', 1.
  • Essays 'CRM', 2.
Extract

Customer Relationship Marketing is an organization wide approach to learning about its customers in order to provide a better product or service. By combining the abilities to respond directly to customer concerns and to provide a highly customized experience, companies have a better opportunity of establishing and sustaining long-term customer relationships. The primary goal is to transform these relationships into greater profitability increasing repeat purchases and finding a way to retain customer in order to reduce the acquisition costs.
Customer interactions are one of the most imp…

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