Customer Relationship Management (CRM)

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By Bost University Posted on Mar 2, 2021
In Category - Marketing
Roger Baran; Christopher Zerres; Michael Zerres 978-87-7681-296-6 Books at bookboon.com 2014

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Customer Relationship Management (CRM) is growing in importance due to the challenging business environment faced by organizations throughout the world today. It is particularly critical in industries undergoing changes in traditional channel configuration. CRM is a means of addressing increasing competition, changing economic conditions and promotional dependence through the use of intimate customer knowledge; knowledge gained through relationship development and past marketing programs. CRM is increasing in prominence because it focuses on current users who are the source of the majority of business revenue and the best option for improving business in uncertain times.

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