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Practice Reading: Fill in the Blanks (Dropdown) ID: #49450 CRM
Instructions
The  CRM  system  is  especially  effective  at  helping  to  surface  a  marketing  problem,  and  it  can  provide  the  internal  data  needed  for  an  analysis,  which,  in  turn,  is  used  to  solve  the  problem.  CRM  systems  are  designed  to    data  across  the  customer  life  cycle,  starting  with  the  initial  contact  point  and  progressing  through  each  conversation  and  interaction  that  moves  a    customer  toward  a  purchasing  decision.  CRM  systems  also  capture  sales  and  spending  data,  and  they  enable  analysts  to    future  spending  patterns  and  lifetime  value  based  on  broader  patterns  in  the  customer  data.  These  systems  may  also  incorporate  data  about  customer  satisfaction  and  support,  with  accompanying    into  what  is  driving  satisfaction  ratings  and  customers  perceptions  of  the  company.  In  addition  to  bringing  together  disparate  customer  data,  CRM  systems  can  recommend  an    approach  and  provide  research  tools  to  complete  the  analysis.  Many  CRM  systems  have  mechanisms  for  reporting  results,  orchestrating  plans  for  taking  action  on  the  results,  and  even  evaluating  the  effectiveness  of  those  actions.

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