Asked by Nadia El-Amin on Sep 28, 2024
A firm should make the greatest communication,customer relationship management,and service investments towards which group of customers?
A) high-loyalty, low profitability
B) high-loyalty, high-profitability
C) low-loyalty; low profitability
D) low-loyalty; high profitability
High-profitability
Refers to the ability of a business or investment to generate earnings significantly above its costs and expenses.
High-loyalty
A customer's strong allegiance or attachment to a brand, product, or company, often reflected in repeat business and positive word-of-mouth.
Communication Investments
The allocation of resources towards marketing communication channels aiming to promote a brand or product.
- Identify the criteria for prioritizing customer relationships and investments.
Learning Objectives
- Identify the criteria for prioritizing customer relationships and investments.
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