June 2021
Intermediate to advanced
608 pages
35h 33m
English
Many companies systematically measure how well they treat customers, identify the factors shaping satisfaction, and change operations and marketing as a result.17
Strategically minded firms measure customer satisfaction regularly because it is a key to customer retention. A highly satisfied customer generally stays loyal longer, buys more as the company introduces new and upgraded products, talks favorably to others about the company and its products, pays less attention to competing brands, is less sensitive to price, offers product or service ideas to the company, and costs less to serve than new customers because transactions can become routine.
The company needs to recognize, however, that customers define ...
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