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Pyramid CDC - SMARTNet Customer Service Review

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Term
Definition
Cross-selling   The practice of recommending additional products that complement a customer’s purchase. These can be operational necessities, such as batteries, or items that may contribute to a better or more complete experience for the customers.  
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Customers (or Consumers)   People who purchase goods or services from a business.  
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Customer Service   The help, information and recommendations that company representatives give to people who explore or buy its products and/or services.  
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Data Privacy   The processes involved to ensure that customers’ personal data that they have shared with a retailer or its employees, is kept private and not shared with others or with the public.  
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Demand   Customers’ need and/or willingness to buy a certain product or service.  
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Demographic Data   Quantifiable information used to help retailers determine customer behavior (e.g., household size, gender, age, income, education, occupation and place of residence.)  
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Digital Signage   Technology used to electronically display digital images, video, web pages and text. Retailers use digital signs to attract in-store customers to enhance their shopping experience.  
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Direct Competitors   Retailers that offer the same products or services with the goal of selling it to the same audience. An example is Apple’s iPhones; Samsung’s Galaxy - they are similar phones from different companies aimed at the same audience.  
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Direct Marketing   Marketing strategies aimed at specific customers, and its goal is to get the customer to take action, order a product online, buy an item via a social media site, visit a store or clip a coupon. Catalogs, loyalty program offerings and targeted emails are examples of Direct Marketing.  
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Discount Pricing   A pricing strategy in which coupons, rebates and other promotional markdowns are used to get customers to come and to buy products in the store.  
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Discrimination   The unfair treatment of someone less favorably than others based on race, color, religion, gender, gender identity, sexual orientation, pregnancy, national origin, age, disability, genetic information and retaliation.  
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Display or Fixture Locks, Cables, Chains and Alarms   Devices used to prevent theft of high-priced items.  
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Distribution Channel   A path through which a product travels from its creation to when it reaches the customer.  
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Ecommerce Fraud   A type of fraud that is committed in the context of online shopping or ecommerce retailing. Examples are Identity Fraud, Account Takeover, Loyalty Fraud, Return Fraud and Automated Fraud.  
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Economy Pricing   A pricing strategy that targets the most price-conscious shoppers. Under economy pricing, retailers minimize all costs associated with certain items in order to keep their prices low.  
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Electronic Article Surveillance (EAS)   Devices to prevent item theft that are embedded in tags that are attached, sewn in or inserted into packaging by the manufacturer or store employees.  
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Employee Discount Abuse   A type of employee fraud in which unauthorized people (usually friends and family) use or gain from a discount that the retailer provides to its employees as a benefit.  
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Employee Fraud   Criminal deception in some form by an employee, generally resulting in personal gain and a loss to the retailer.  
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Excess Inventory   When a retailer has too much merchandise in stock as a result of inaccurately estimating product demand.  
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Exchange   The action of swapping one purchased item for another one.  
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Fair Labor Standards (FLSA)   The FLSA establishes employment standards that companies are required to follow, such as giving breaks and meal periods to employees.  
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Family and Medical Leave Act (FMLA)   This act allows employees to take unpaid, job-protected leave for specified family and medical leave.  
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