CRM, Big Data &
Marketing Analytics |
Study Guide, Key
Concepts & Exam Review
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,What revolution has fueled the use of The Big Data revolution.
data analytics in sports?
What is MarTech? A blending of marketing and technology, especially
digital technologies.
What role does the chief customer The CCO is the leading voice of all things customer
officer (CCO) play in a company? related.
What is one-to-one marketing? A marketing strategy that tailors the value
proposition to individual customers' unique wants
and needs.
What are the steps involved in one- Identify customers, differentiate their needs, interact
to-one marketing? to improve efficiency, and customize offerings.
What is the purpose of CRM To capture information at each touchpoint between
systems? customers and a company.
Give an example of a touchpoint in Logging onto a website to track a package or
CRM. receiving a reminder call from a dentist.
What does marketing automation A set of systems and technologies that automate
refer to? processes without human intervention.
How does marketing automation help By reducing cognitive load and clerical effort
firms? required to manage customer data.
, What is a lead in marketing terms? An individual or firm with a potential interest in
buying something a company sells.
What is the sales funnel? The process through which a company finds,
qualifies, and sells its products to buyers.
What is the significance of the C-suite It consists of top executive roles, including CEO,
in organizations? COO, CFO, CIO, and CMO.
Why is CRM considered effective? It allows firms to communicate with customers and
tailor marketing efforts based on individual
preferences.
What is the impact of advanced It has transformed how firms organize and conduct
technology on CRM? business, enhancing customer orientation.
What is the role of data analytics in To predict customer behaviors, such as ticket
CRM? renewals and in-game attendance.
What trend has emerged due to the The addition of the chief customer officer (CCO)
focus on CRM? role in the C-suite.
What is the relationship between CRM helps identify best customers and meet their
CRM and customer satisfaction? needs, increasing satisfaction.
How do firms use data from CRM To manage information and enhance interactions
systems? with customers.