Business, 25.09.2021 08:30 lashaunahard

What obstacles exist to customer loyalty and how might they be removed?

Answers: 2

Show answers

Answers

Too many data collection channels could lead to several disparate customer sources, poor data quality, and an overwhelmed data crew.

To solve for multiple data collection channels, think about centralizing your data collection management methods by appointing a go-to data handler and systematizing your data collection strategy across departments. Your data handler can be the point of contact for data collection, ensuring data quality practices are upheld while focusing on the long-term goal.

Poor contact data

Your first challenge with loyalty programs: Get the customer to sign up. Factors such as the amount of time it takes to enter in their information and how personal the information required is, all impacts the consumer’s willingness to sign up. Not enough customers signing up understandably results in a more difficult time reaching these customers. However, sign ups mean zilch if contact data is inaccurate, as that also results in the inability to reach customers.

Solution: Implement a data quality solution. Our latest Global data management report found that the biggest ways poor data quality impacts retailers are wasted resources (45%), damages the reliability of analytics (39%), and negatively impacts reputation (35%). Whether you want to use data quality for predictive analytics to optimize consumer experience or implement a data cleansing tool, like address or email verification, taking control of your data will equip you with actionable and real-time insights.

3. Not having a data-driven culture

There is a sharp correlation between increased company profits and the amount of data quality solutions that are put in place. Not emphasizing data quality in your business can cost you far-reaching consequences, such as customer engagement, loyalty, and revenue.

Solution: Data quality should be prioritized as a key business focus. Loyalty programs need to be built on a solid foundation of data, but what does a good data foundation look like?

• Cleaning your existing data.
• Consolidating and deduping records.
• Ensuring newly collected data is accurate before it enters into CRM and other systems.

Reliable, clean data represents an opportunity to better understand your customers, drive actionable insights and optimize customer or prospect experience. When loyalty programs are the key to increasing revenue, customer retention, and lifetime value, you want to make sure your data quality initiatives are up to par.

Answer from: Quest

The answer is b) market forces

Answer from: Quest

As a costumer i would say c.hope it !

Another question on Business

Business, 21.06.2019 21:40

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Answers: 1

Answer

Business, 22.06.2019 02:20

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Answers: 2

Answer

Business, 22.06.2019 07:20

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Answers: 1

Answer

Business, 22.06.2019 09:40

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.