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Customer Relations
303 Customer Relations Key Terms
| Term | Definition |
|---|---|
| competition | the rivalry between two 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 |
| etiquette | rules applying to acceptable behaviors |
| FAQs | Frequently asked questions ; used by businesses to answer questions on their website or other marketing materials |
| incentive | something that will fulfill a customers specific desires or need |
| internal customers | the people and employees who work cooperatively together to achieve business goals |
| patronage | loyalty to a particular businesss |
| 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 the value of goods and services produced from set amount of resources |
| respect | regard or esteem |
| target market | the particular group of customers a business seeks to attract |
| touchpoints | all the opportunities that a businesses have to connect with customers and reinforce their brand value |
| word-of-mouth promotion | promotion for a business provided by customers who tell other of their satisfaction with the business |