Asked by Queen Jenni on Jul 14, 2024

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Customer relationship management is primarily used by firms to ________.

A) attract new customers
B) survey profitable customers
C) retain loyal customers
D) target infrequent customers

Retain Loyal Customers

Strategies and practices aimed at keeping customers who repeatedly buy from or support a business.

Infrequent Customers

Individuals who purchase goods or services from a business irregularly or rarely.

Survey Profitable

A survey method designed to understand the profitability of various aspects of a business, often focusing on customer satisfaction and product/service viability.

  • Ascertain techniques for bolstering customer allegiance and financial gains via CRM.
  • Understand the significance of tailoring the marketing mix to engage and draw in customers.
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Verified Answer

DA
Damian ArambulaJul 15, 2024
Final Answer :
C
Explanation :
Customer relationship management (CRM) is used to build and maintain relationships with customers, particularly loyal ones, hence the primary goal is to retain loyal customers. While attracting new customers and targeting infrequent customers may be secondary objectives of CRM, the primary focus is on retaining loyal customers. Surveying profitable customers may be part of the CRM process but it is not the primary objective.