Metrics, Measurement & ROI Review Flashcards
Giving your customer-facing employees the agency to make decisions and take action will most likely minimize which of the following?
ROI
Employee turnover
Customer Effort
Cost of doing business
Customer Effort
Which of the following measurements uses a series of questions asking customers to rate their satisfaction with a company from very dissatisfied to very satisfied?
CES (Customer Effort Score)
WoMi (Word of Mouth index)
CSAT (Customer Satisfaction)
NPS (Net Promoter Score)
CSAT (Customer Satisfaction)
Which of the following is suggested for companies wanting to build their own CX ROI Model?
Enlist the CFO
Use existing metrics and be conservative
Create a simple story and organize results
All the above
All the above
A corporate marketing team has decided to launch a grassroots campaign to curb customer attrition. Which of the following is the team most likely to do?
Consult with all the firm’s customers no matter how many there are
Gather input from every part of the business
Earn an audience with every member of staff no matter how time-consuming it may be
Maintain control over the voice of the customer
Gather input from every part of the business
Which of the following do typical business cases rely on for Cost-Benefit Analysis?
Loyalty metrics
Financial metrics
Value metrics
Customer Effort Score
Financial metrics
Which of the following is most popular measurement metric tool for the intended behavior of a customer?
National Customer Survey Score
Customer Experience Index
Net Promoter Score
American Customer Happiness Index
Net Promoter Score
An example of a forward-looking financial metric is which of the following?
NPS (Net Promoter Score)
CSAT (Customer Satisfaction)
CES (Customer Effort Score)
CLV (Customer Lifetime Value)
CLV (Customer Lifetime Value)
Which of the following should be one of the first priorities of a business?
Address inventory control
Maximize efforts to meet customers’ needs prior to interaction
Minimize necessary interactions with Customer Service contacts
Minimize any problems and to avoid the need for customers to contact Customer Service about problems
Maximize efforts to meet customers’ needs prior to interaction
Which of the following statements is true?
Increases in customer retention and acquisition are the result of successful marketing strategies.
Firms need to be careful not to make decisions about customer acquisition and customer retention in isolation.
Both a and b
Neither a nor b
Both a and b
Which of the following statements is mostly true?
The evaluation of service quality is distinct from the assessment of experience quality.
The evaluation of service quality is the same as the assessment of experience quality.
The evaluation of service quality is comparable to the assessment of experience quality.
The evaluation of service quality is unrelated to the assessment of experience quality.
The evaluation of service quality is distinct from the assessment of experience quality.
Which of the following is the best way to increase retention of a company?
Customer loyalty
Low prices
Customer service
Variety of touchpoints
Customer loyalty
Adopting an effective measurement practice will allow a company to understand which of the following about a good or bad experience?
Goals
Costs
Drivers
Ideas
Drivers
All the following are measured by a descriptive, qualitative metric EXCEPT:
Likelihood to recommend
Call and email volume
Average call time
Website visits
Likelihood to recommend
The first step for companies to build an explicit link to value begins with which of the following steps?
Link what customers say to what they do.
Analyze the historical performance of real customer cohorts.
Look at the trend to take a forward-looking view.
Develop a hypothesis about customer outcomes that matter.
Develop a hypothesis about customer outcomes that matter.
Purchase intent, churn, and word of mouth are examples of which of the following?
Common loyalty metrics used mainly in retail businesses.
Common loyalty metrics used in business today.
Common loyalty metrics which remain unquestioned.
Common loyalty metrics used too often in business today.
Common loyalty metrics used in business today.
Organizations can further reap the benefits of a customer-centric survey program model by doing some or all the following EXCEPT:
Structure the survey to match the interaction
Do not let customers see the feedback others provide causing unneeded influence
Communicate how feedback is being used
Let customers track follow-up activities
Do not let customers see the feedback others provide causing unneeded influence
Which of the following determines the real causes of your customer experience problems?
Emotion metrics
Emotion analysis
Cause metrics
Root cause analysis
Root cause analysis
Which of the following is not a company’s touch-point?
Employees and channels
Systems
Products and services
Customer perceptions
Customer perceptions
Which of the following defines referral economics?
Value of individual purchase behaviors – how much a customer spends with the company over a given period
The amount of new business that is gained—or lost—as a function of the messages that individual customers share via word of mouth
Both a and b
Neither a nor b
The amount of new business that is gained—or lost—as a function of the messages that individual customers share via word of mouth
Collecting feedback from agents is good advice for which of the following best practices?
Align the organization for success
Design a framework for customer knowledge management
Continually improve customer knowledge management practices
Focus on the agent experience
Continually improve customer knowledge management practices
Which statement best summarizes what market researchers must do related to customer experience?
Market Researchers need to measure customer experience before and after the service encounter(s) and account for both direct and indirect contacts and peer influences.
Market Researchers need to measure customer experience only before service encounter(s) and account for both direct and indirect contacts and peer influences.
Market Researchers need to measure customer experience only after the service encounter(s) and account for both direct and indirect contacts and peer influences.
Market Researchers need to measure customer experience before and after the service encounter(s) but not account for indirect contacts and peer influences.
Market Researchers need to measure customer experience before and after the service encounter(s) and account for both direct and indirect contacts and peer influences.
Relying on complex predictive models if business rules are sufficient is a best practice for:
Aligning key business imperatives
Delivering next best actions through priority interaction channels
Using trustworthy data to inform next best actions
Driving next best actions with advanced analytics and rules
Driving next best actions with advanced analytics and rules
Which of the following strategies is useful for in-depth follow-ups and engagement?
Always follow-up personally with every single person who submits an NPS survey
Send prepared responses to those who respond to an NPS survey
Respond only to NPS surveys with scores of seven or below
Respond only to NPS surveys with scores of nine or ten
Always follow-up personally with every single person who submits an NPS survey
Which of the following is transforming relationship marketing from its initial database orientation into collaborative relationships with customers?
Better consumers
The Internet
Lower profit margins
Greater demand for products
The Internet
Find the correct Net Promoter Score using the given raw data: Detractors = 130, Passives = 120, Promoters =250
26
50
120
24
26
Which of the following core constructs includes the degree to which the company offered caring, individualized attention?
Tangibles
Reliability
Responsiveness
Empathy
Empathy
Which of the following is an example of a customer feedback channel?
Focus groups
Data from inbound customer letters, phone calls and emails
Feedback that is posted openly on social media websites, blogs and review sites
All the above
All the above
Adopting an effective measurement practice will allow a company to know with certainty how your customer felt about which of the following?
The interaction with the employee
The experiences provided
Their thoughts about returning
All the above
All the above
Which of the following is the most useful measuring tool after customer service interactions, website visits, online checkouts, and purchases or sales interactions?
Net Promoter Score (NPS)
Customer Effort Score (CES)
Customer Satisfaction Score (CSAT)
Customer Lifetime Value (CLV)
Customer Effort Score (CES)
Observations, case studies, and surveys are included as methods for which of the following types of research?
Descriptive
Correlational
Explanatory
Systemic
Descriptive
Which of the following types of research is related to the what, when, where and who?
Descriptive
Correlational
Explanatory
Systemic
Descriptive
Creating loyalty, driving advocacy, and increasing the share of wallet is a part of which of the following business outcomes?
Loyalty
Acquisition
Efficiency
Retention & Growth
Retention & Growth
All the following could be responsible for the poor performance of a business EXCEPT:
Business model
Management priorities
Customers
Auditing
Auditing
Which of the following best defines first response time?
The average amount of time it takes for a customer to get an initial response to their support issue.
The average amount of time it takes to resolve a customer support interaction from start to finish.
The time spent interacting with customers on calls, email, chat or anything else—as well as the time between interactions.
None of the above
The average amount of time it takes for a customer to get an initial response to their support issue.
The standard NPS scale does NOT include which of the following categories?
“Passives”
“Detractors”
“Promotors”
“No Answer”
“No Answer”
To grow a store’s customer base, the retailer needs information about which of the following?
Spending habits of current consumers
Consumers who are shopping at competitors’ stores
Consumers who are not currently shopping at its store
Both B and C
Consumers who are not currently shopping at its store
To utilize metrics and measurements and to communicate them across organizations and provide visibility across different functions to allow users to find and see the root causes of pain points, which of the following can be developed?
Blogs
Dashboards
Communication tools
Applications
Communication tools
Which of the following do you first need to understand to choose which customer experiences you want to measure?
The employees’ roles in the customer experience.
The perceptions of discrete, end-to-end customer journeys.
The big picture, or broad view of the overall customer experience over time.
The customers’ views related to the brand.
The big picture, or broad view of the overall customer experience over time.
Which of the following includes social media listening and analytics capabilities?
Customer experience strategy and design
Customer experience information management
Customer experience insights
Customer experience delivery
Customer experience insights
Which of the following is an example of social experience?
Satisfaction that attached to a brand, degree of experiencing critical incidents, invest more in their relationships than other customers
The relationship with others and society, impacts toward individual through family, schooling, peer groups, and mass media
Sensation or knowledge acquisition resulting from some level of interaction with different elements of a context created by the service provider
Perceptions about the shopping carts
The relationship with others and society, impacts toward individual through family, schooling, peer groups, and mass media