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Q 1/19
Score 0
In the modern customer-oriented organizational chart, which of the following is considered to be at the top of the organizational pyramid?
45
The president is at the top of the organizational pyramid.
Front-line people are at the top of the organizational pyramid.
Customers are at the top of the organizational pyramid.
Sales are at the top of the organizational pyramid.
Q 2/19
Score 0
________ is the difference between the prospective customer’s evaluation of all the benefits and all the costs of an offering and the perceived alternatives.
45
Customer perceived value
Perceived usefulness
Failure avoidance rate
Report rating
Q 3/19
Score 0
Total customer value is the perceived monetary value of the bundle of economic, functional, and ________ benefits customers expect from a given market offering.
45
realized
intangible
fabricated
psychological
Q 4/19
Score 0
One key to customer retention is ________. It would be wise for a company to measure this factor frequently.
30
to have an ethics officer
heavy promotion
deep discounts for intermediaries
customer satisfaction
Q 5/19
Score 0
First phase of value creation in sequence is
45
providing the value
choosing the value
communicating the value
making the superior product
Q 6/19
Score 0
Modern-oriented company uses:
45
pyramid where top management are on top.
pyramid where front line people are on top.
inverted pyramid where top management are on top.
inverted pyramid where customers are on top.
Q 7/19
Score 0
It is the set of benefits a company promises to deliver its consumers to satisfy their needs.
60
good customer services
An attribute
Low pricing
A value proposition
Q 8/19
Score 0
Which of the statement is CORRECT:
60
If the product or service performance falls short, the customer is dissatisfied.
If the product is superior customers will definitely buy it.
Loyalty refers to the whole cluster of benefits the company promises to deliver.
The first step in customer value analysis is assessment of attributes and benefits.
Q 9/19
Score 0
In a given data where the total number of customer (year beginning) is 300,000 and total number of customers who left (year-end) is 140,000. The retention rate is:
45
47%
52%
53%
46%
Q 10/19
Score 0
Monitoring customer satisfaction are done through the ff EXCEPT for:
60
using customer feedback
extensive promotion and advertisement
periodic surveys
determining customer loss rate
Q 11/19
Score 0
Uber expertly highlights everything that sucks about taking a traditional taxi and points out how its service is superior. It offers convenience through One tap and a car comes directly to you and Your driver knows exactly where to go. This is an example of Uber benefits that it promises to deliver. Hence, this is clearly:
120
customer lifetime value
customer satisfaction
total customer satisfaction
a value proposition
Q 12/19
Score 0
Which of the ff statement is true?
60
Customer loyalty has nothing to do with customer satisfaction.
CPV stands for customer proposed value
Businesses must first keep before getting customers.
Businesses succeed by getting, keeping and growing customers.
Q 13/19
Score 0
A persons feeling of pleasure which results in products performance that match expectations is called:
45
distinctive proposition
superior value
dissatisfaction
satisfaction
Q 14/19
Score 0
The seller who is at CPV disadvantage should:
45
Enhance total customer benefit
Decrease total customer cost
Implement both choices given
Q 15/19
Score 0
The _______ comprises the whole pack of benefits the firm promises to deliver.
45
Value delivery
Value proposition
Value creation
value processing
Q 16/19
Score 0
A car's value proposition should be more focused on:
45
Good service
all of the choices
Safety
Value delivery
Q 17/19
Score 0
_______is a person’s feelings of disappointment or pleasure that result from evaluating a product’s perceived performance to their expectations.
45
Customer value
None of the choices
Customer satisfaction
Customer loyalty
Q 18/19
Score 0
Which choice is part of establishing a customer retention program?
60
Create a culture that does not stimulate customer interest.
Create the most complicated program possible.
Begin work without identifying specific objectives to be accomplished by the program.
Examine who the customers are and their specific needs.
Q 19/19
Score 0
Which statement about measuring customer satisfaction is true?
60
We do not need to consider customer expectations, only their level of satisfaction.
We don't need to encourage sharing of ideas. We only need to get data.
Seeking feedback results in positive customer retention.
Just measuring satisfaction does not affect our relationship with customers.
19 questions
Q.In the modern customer-oriented organizational chart, which of the following is considered to be at the top of the organizational pyramid?
1
45 sec
Q.________ is the difference between the prospective customer’s evaluation of all the benefits and all the costs of an offering and the perceived alternatives.
2
45 sec
Q.Total customer value is the perceived monetary value of the bundle of economic, functional, and ________ benefits customers expect from a given market offering.
3
45 sec
Q.One key to customer retention is ________. It would be wise for a company to measure this factor frequently.
4
30 sec
Q.First phase of value creation in sequence is
5
45 sec
Q.Modern-oriented company uses:
6
45 sec
Q.It is the set of benefits a company promises to deliver its consumers to satisfy their needs.
7
60 sec
Q.Which of the statement is CORRECT:
8
60 sec
Q.In a given data where the total number of customer (year beginning) is 300,000 and total number of customers who left (year-end) is 140,000. The retention rate is:
9
45 sec
Q.Monitoring customer satisfaction are done through the ff EXCEPT for:
10
60 sec
Q.Uber expertly highlights everything that sucks about taking a traditional taxi and points out how its service is superior. It offers convenience through One tap and a car comes directly to you and Your driver knows exactly where to go. This is an example of Uber benefits that it promises to deliver. Hence, this is clearly:
11
120 sec
Q.Which of the ff statement is true?
12
60 sec
Q.A persons feeling of pleasure which results in products performance that match expectations is called:
13
45 sec
Q.The seller who is at CPV disadvantage should:
14
45 sec
Q.The _______ comprises the whole pack of benefits the firm promises to deliver.
15
45 sec
Q.A car's value proposition should be more focused on:
16
45 sec
Q._______is a person’s feelings of disappointment or pleasure that result from evaluating a product’s perceived performance to their expectations.
17
45 sec
Q.Which choice is part of establishing a customer retention program?
18
60 sec
Q.Which statement about measuring customer satisfaction is true?