What does the term "customer relationship management" (CRM) entail? 🔊
"Customer relationship management" (CRM) entails strategies and technologies that organizations use to manage interactions with current and potential customers. A CRM system consolidates customer information, tracks engagement across multiple channels, and supports sales, marketing, and service operations. By leveraging data analytics, organizations can better understand customer preferences, personalize communication, and improve customer satisfaction. Effective CRM fosters stronger customer relationships, increases retention rates, and drives overall business growth through targeted marketing efforts.
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