Why tacit knowledge is important in customer relationship management? Explain TWO (2) examples of how technology impacts the way businesses manage customer relationships. Describe TWO (2) potential drawbacks of neglecting the importance of tacit knowledge and solely relying on data-driven analysis in customer relationship management.
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- What are the two primary types of surveys a companymight use to forecast sales? Why would a company usean outside expert forecasting survey?Please assist with the following question:You have been hired by a local department store that intends to increase its presence on socialmedia to increase sales through advertising. Your team has been asked to collect data on socialmedia patterns that can be used to predict the outcomes for the company.Your group is expected to interview at least 30 random persons about their purchasing habits inorder to determine if social media influences their buying behavior. Record the following foreach respondent:1. Gender2. Income3. The number of social media platforms they use on a daily basis a. Discuss what measure of central tendency is the most appropriate for each variable.b. State why the use of a histogram is an appropriate or an inappropriate way to describe thevariable incomeSo i apologize for not specifiying which of the four I want done on the question below. In my last response from whoever ansewrs these he made it pretty clear to do that and I didn't know. Im relativley new to this so wont happen again. For the quesiton below please ansewr 3 and 4. Thanks a lot. Question Country Financial, a financial services company, uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time (USA Today, April 4, 2012). In February 2012, a sample of 1000 adults showed 410 indicating that their financial security was more than fair. In February 2010, a sample of 900 adults showed 315 indicating that their financial security was more than fair. State the hypotheses that can be used to test for a significant difference between the population proportions for the two years. What is the sample proportion indicating that their financial security was more than fair in 2012? In 2010? Conduct the hypothesis test and compute the…
- For Furrher Research (Groups) Identify a large company, like Disney, that has several SBUs. Using the BCGmodel, assign at least one SBU to each category in themodel: star, cash cow, question mark, and dog. Includeat least two pieces of data for each to justify your categorization. Prepare a short presentation to share withyour class.1. What is the importance of making marketing research based decisions? 2. Why do we need to know the family life cycle of our customers? 5 SENTENCES EACH ONLY NO GOOGLE PLEASE! ANSWER ASAPSummarize in the form of a table (a) the characteristics,(b) the strengths, and (c) the weakness for the followingqualitative methods: (i) Jury of executive opinion, (ii) Delphimethod, and (iii) Market survey.
- 1. Which of these are one of the 5 T's of email marketing a) Targeting b) Testing c) Timing d) Template e) Tailoring f) Temperature g) Tone 2. You love getting spam from random companies which is why emails dont need to be relevant or targeted to you True False 3. The concept of analyzing a leads quality by looking at where they are in the buying cycle, their past relationship with your company and factoring in past intractions is called (a) Lead Generation (b) Direct response advertising (c) Black Hat SEO (d) Lead ScoringQ4aThere is a growing debate that the internal environment is more important thanthe external environment, present your explanations to provide clarity to this issueusing simple examples touching on the environmental factors for bothenvironments.ons Help Last edit was seconds ago arial BIUA 三 11 1 3 Product managers can gather user data by surveying customers, running tests with a product's beta versions,conducting market research with people who aren't current product users, and collecting behavioral data as current users interact. All these data can be analyzed--either manually or algorithmically-to identify trends,discover the reasons for those trends, and predict whether the trends are predicted to recur. What kind of analytic is the product manager using? Describe the purpose and benefit of this analytics. MAR 23 tv lili
- As data visualization is a communication approach for making complex data easy to understand and for patterns to be uncovered,exaplain how this pertains to its usage and overall purpose? How does data visualization relate to business objectives and goals? Using relevant Digital Marketing Analytics concepts, does data visualization clarify data or make it more confusing? Why?/Why not?Interview two salespersons for the followingproducts. Determine the role that opinion leadersplay in the purchase of their product and howthey adjust their sales process in light of theseinfluences.a. Smartphonesb. Golf equipmentc. Computersd. Arte. Jewelryf. SunglassesAnswer comprehsively. Do not copy from other I will report and track it downvote this also if not good quality answer! Can you still think of well-known and successful companies/businesses, either in the Philippines, that haven’t explored yet the route of direct and digital marketing? Give at least 1 example of such companies and discuss their current traditional marketing efforts. Do you think they can still survive today and even tomorrow’s marketplace by sticking to traditional marketing strategies alone? If they should already start incorporating digital marketing strategies in their current efforts, suggest at least 1 specific digital marketing tool that they can start using, and then discuss how this tool can help them sustain strong & profitable customer relationships at present. ANSWER LONG AND SATISFYING!