Benchmarking is a technique for measuring an organization's products, services, or activities against other best-performing organizations to achieve continuous improvement and competitiveness.
Customer Effort Score (CES) is a metric used to gauge the ease with which customers interact with a company and resolve their issues. This article covers the historical context, importance, methodology, applications, and much more.
The percentage of customers who continue to do business with a company over a certain period. High retention rates are a sign of customer loyalty and satisfaction.
Customer Satisfaction Score (CSAT) is a metric that measures customer satisfaction with a specific transaction or interaction, providing insights into immediate customer experiences rather than overall loyalty.
An in-depth exploration of exchange policies, their historical context, types, key events, detailed explanations, importance, applicability, examples, and related terms.
Comprehensive overview of service delivery, including historical context, types, key events, explanations, models, charts, importance, examples, related terms, comparisons, and more.
A comprehensive guide to understanding the Sunset Strategy, its historical context, types, key events, mathematical models, importance, examples, and more.
Total Quality Management (TQM) is an approach to managing people and business processes that emphasizes customer satisfaction and sees continuous improvement as the key to achieving this goal. This comprehensive article explores the historical context, key principles, methodologies, importance, and real-world examples of TQM.
User Experience (UX) encompasses all aspects of the end-user's interaction with the company, its services, and its products. It is the overall experience a user has when interacting with a product or system.
Voluntary gratuity is an amount given to service workers by customers based on their perception of the quality of service. It is not required but given as a gesture of appreciation.
Customer Service is the department or function of an organization that responds to inquiries or complaints from customers. It plays a crucial role in ensuring customer satisfaction and loyalty through prompt and effective communication.
A Customer Service Representative (CSR) maintains goodwill between a business and its customers by answering questions, solving problems, and providing advice or assistance in utilizing the organization's goods or services.
Refunding in Finance: process of selling a new issue of securities to obtain funds needed to retire existing securities. Also encompasses returning money to dissatisfied customers in Merchandising.
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