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303Customer relation
Customer Relations
| Term | Definition |
|---|---|
| Competition | The rivalry between 2 or more businesses to attract scarce customer dollars. |
| Corporate Culture | The values and ideals that an organization encourages among its employees. |
| Courtesy | Polite behavior; good manners. |
| Customer Loyalty | The customers preference for a business; usually expressed in regular purchases from the business. |
| Customer Relations | All the activities a business engages in to interact with its customers. |
| Customer Service | Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction. |
| Customer-Centric | Focused on customer needs and wants. |
| Ettiquette | Rules applying to acceptable behavior. |
| FAQ's | Frequently Asked Questions; used by businesses to answer questions on their websites or other marketing materials. |
| Incentive | Something that will fulfill a customers specific desire or need. |
| Internal Customers | The people (i.e., Employees) who work cooperatively together to achieve business goals. |
| Patronage | Loyalty to a particular business. |
| Proactive | Adapting to the environment in advance of the occurrence of events; taking advantage of opportunities rather than reacting to problems. |
| Productivity | The amount and value of goods and services produced (outputs) from set amounts of resources (inputs). |
| Respect | Regard or esteem. |
| Target Market | The particular group of customers a business seeks to attract. |
| Touch Points | All the opportunities that businesses have to connect with customers and reinforce their brand value. |
| Word-of-Mouth Promotion | Promotion for a business provided by customers who tell others of their satisfaction with the business. |