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Master
of Business Administration - MBA Semester 4
MKT401
- Services Marketing and Customer Relationship Management
Set
- 1
Q1. Write Short Notes on 7Ps of
service marketing mix and Characteristics of service.
Answer. Service Marketing Mix: 7Ps
You must be familiar with the 4Ps of the
marketing mix, that is, product, place, price and promotion. These are the four
key elements that an organization uses in order to communicate
Q2. Write short notes on:
a. Frontal Attack
b. Flanking Attack
c. Bypass Attack
d. Guerrilla Attack
Answer. a. Frontal Attack
This involves the challenger taking on the
defender head on. The challenger attacks the main market of the market leader
by launching a product with a similar or superior marketing mix. The
Q3. Explain Customer Relationship Management
(CRM). What are the various types of CRM?
Answer. Customer relationship
management (CRM) has
to be focused on aligning the business processes with customer strategies
employed by the firm. Customer relationship management can be
Set - 2
Q1. What are the various opportunities
and benefits of e-CRM? What are the various ways in which e-CRM can be
leveraged as a source of competitive advantage?
Answer. Opportunities and benefits
e-CRM is the effective use of the internet as
well as various touch-points as well other means of using telecommunications to
better manage and initiate ties with existing and potential customers. Today
Q2. What do you mean by Customer Life
Cycle? What are the various challenges faced by an organisation in implementing
CRM?
Answer. Customer life cycle focuses on understanding the different
stages of life of a customer and the value attached to each stage for delivery
of need-based products and services at his doorstep.
It is a market-
Q3. What are the various steps that
should be taken to avoid the challenges and pitfalls in e-CRM?
Answer. The execution of effective e-CRM holds many
challenges. First and foremost there are issues of cost that normally append
such intricate installations. In addition to this, there are other issues
SPRING-2018
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solved assignments at nominal price.
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