Metrics, Measurement & ROI Review Flashcards

1
Q

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

A

Customer Effort

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2
Q

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)

A

CSAT (Customer Satisfaction)

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3
Q

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

A

All the above

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4
Q

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

A

Gather input from every part of the business

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5
Q

Which of the following do typical business cases rely on for Cost-Benefit Analysis?

Loyalty metrics

Financial metrics

Value metrics

Customer Effort Score

A

Financial metrics

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6
Q

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

A

Net Promoter Score

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7
Q

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)

A

CLV (Customer Lifetime Value)

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8
Q

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

A

Maximize efforts to meet customers’ needs prior to interaction

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9
Q

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

A

Both a and b

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10
Q

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.

A

The evaluation of service quality is distinct from the assessment of experience quality.

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11
Q

Which of the following is the best way to increase retention of a company?

Customer loyalty

Low prices

Customer service

Variety of touchpoints

A

Customer loyalty

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12
Q

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

A

Drivers

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13
Q

All the following are measured by a descriptive, qualitative metric EXCEPT:

Likelihood to recommend

Call and email volume

Average call time

Website visits

A

Likelihood to recommend

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14
Q

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.

A

Develop a hypothesis about customer outcomes that matter.

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15
Q

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.

A

Common loyalty metrics used in business today.

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16
Q

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

A

Do not let customers see the feedback others provide causing unneeded influence

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17
Q

Which of the following determines the real causes of your customer experience problems?

Emotion metrics

Emotion analysis

Cause metrics

Root cause analysis

A

Root cause analysis

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18
Q

Which of the following is not a company’s touch-point?

Employees and channels

Systems

Products and services

Customer perceptions

A

Customer perceptions

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19
Q

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

A

The amount of new business that is gained—or lost—as a function of the messages that individual customers share via word of mouth

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20
Q

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

A

Continually improve customer knowledge management practices

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21
Q

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.

A

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.

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22
Q

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

A

Driving next best actions with advanced analytics and rules

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23
Q

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

A

Always follow-up personally with every single person who submits an NPS survey

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24
Q

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

A

The Internet

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25
Q

Find the correct Net Promoter Score using the given raw data: Detractors = 130, Passives = 120, Promoters =250

26

50

120

24

A

26

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26
Q

Which of the following core constructs includes the degree to which the company offered caring, individualized attention?

Tangibles

Reliability

Responsiveness

Empathy

A

Empathy

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27
Q

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

A

All the above

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28
Q

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

A

All the above

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29
Q

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)

A

Customer Effort Score (CES)

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30
Q

Observations, case studies, and surveys are included as methods for which of the following types of research?

Descriptive

Correlational

Explanatory

Systemic

A

Descriptive

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31
Q

Which of the following types of research is related to the what, when, where and who?

Descriptive

Correlational

Explanatory

Systemic

A

Descriptive

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32
Q

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

A

Retention & Growth

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33
Q

All the following could be responsible for the poor performance of a business EXCEPT:

Business model

Management priorities

Customers

Auditing

A

Auditing

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34
Q

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

A

The average amount of time it takes for a customer to get an initial response to their support issue.

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35
Q

The standard NPS scale does NOT include which of the following categories?

“Passives”

“Detractors”

“Promotors”

“No Answer”

A

“No Answer”

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36
Q

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

A

Consumers who are not currently shopping at its store

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37
Q

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

A

Communication tools

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38
Q

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.

A

The big picture, or broad view of the overall customer experience over time.

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39
Q

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

A

Customer experience insights

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40
Q

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

A

The relationship with others and society, impacts toward individual through family, schooling, peer groups, and mass media

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41
Q

Which of the following statements best defines an experience-audit?

A tool that is used to systematically investigate the present experiences of the customers and to elucidate the emotional responses of customers toward any clue.

Considers what is right and wrong about the experience your customers have with you – not just in rational and functional terms but also in emotional terms.

Both a and b

Neither a nor b

A

Both a and b

42
Q

Which of the following may occur if a customer is engaged with a brand?

They are likely to enjoy the interaction with the company.

They may participate in the design of products and services.

They may contribute to the products and services offered.

All the above

A

All the above

43
Q

Promoters, passives, detractors; the perception of organization over time; and comparisons between organizations are elements of which CX metric?

ASCI (American Customer Satisfaction Index)

NPS (Net Promoter Score)

WoMi (Word of Mouth index)

CES (Customer Effort Score)

A

NPS (Net Promoter Score)

44
Q

A customer experience scorecard is a process that links metrics together and can be a strategic tool which focuses the organization on which of the following?

Loyalty

Satisfaction

Advocacy

Customer value creation

A

Customer value creation

45
Q

What statement best describes the use of self-service channels for customers?

They are stagnant

They are decreasing

They are increasing

None of the above

A

They are increasing

46
Q

“Did it meet needs?”, “Was it easy?”, and “Did they enjoy it?”, are all questions related to a customer’s experience that will measure which of the following?

Loyalty

Perceptions

Ideas

Feedback

A

Perceptions

47
Q

Which of the following types of research deals with everything that can be counted and studied which has an impact on the experience of customers?

Descriptive

Correlational

Explanatory

Systemic

A

Descriptive

48
Q

All the following are the results of an effective measurement program for a company EXCEPT:

Capture what happened during a customer interaction

Discover the cost of doing business with another company

Discover whether the customer is willing to recommend

Discover how the customer felt about an interaction

A

Discover the cost of doing business with another company

49
Q

Which of the following includes alignment of incentives to customer experience performances?

Customer experience strategy and design

Customer experience information management

Customer experience insights

Customer experience delivery

A

Customer experience strategy and design

50
Q

Courtesy, empathy, rapport, warmth, and trust are examples of which of the following?

Emotional elements that are an important part of the experience at many customer touchpoints

Expected characteristics of a company’s employees

Rational needs of a customer that must be fully appreciated and addressed

None of the above

A

Emotional elements that are an important part of the experience at many customer touchpoints

51
Q

Customer calling to resolve billing issues is a customer experience that would be measured by which of the following metrics?

Perception metrics

Outcome metrics

Price metrics

Descriptive metrics such as customer effort score

A

Descriptive metrics such as customer effort score

52
Q

When creating a customer experience measurement framework, which of the following is the first step?

Choosing the customer experiences to measure

Choosing customers to follow

Choosing employees to shadow

Choosing a plan that is least costly

A

Choosing the customer experiences to measure

53
Q

Which of the following helps to develop tactical KPIs (Key Performance Indicators)?

NPS

CSAT

SERVQUAL

CES

A

SERVQUAL

54
Q

Measurement informs decisions, and metrics are most valuable when used for which of the following reasons?

Identify and fix customer problems

Train employees in CX strategies

Lessen staff turnover

Increase brand loyalty

A

Identify and fix customer problems

55
Q

Which of the following statements is true regarding the CES (Customer Effort Score)?

It tends to only apply to the whole customer experience and not to customer interactions.

It tends to only apply to customer interactions and not to the whole customer experience.

It tends to apply to both customer interactions and the whole customer experience but does not allow for changes.

It tends to apply to both customer interactions and the whole customer experience but does not allow for specific conclusions to be made.

A

It tends to only apply to customer interactions and not to the whole customer experience.

56
Q

Drive all Customer Relationship Management initiatives from a common repository of decision logic is good advice for which of the following best practices for customer relationship management?

Aligning CRM next best actions with 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

A

Driving next best actions with advanced analytics and rules

57
Q

Measurement can do which of the following?

Set customer benchmarks for a successful relationship

Define key performance indicators for customers and business

Provide strategic level information and detailed information for operations at the granular level

All the above

A

All the above

58
Q

Which of the following best describes an effective current customer experience measurement program?

It must be simplified as much as possible, seeking information about revenue and profit growth.

It cannot be overly complex or too simplified and must have direct ties to revenue and profitability growth.

A massive amount of data needs to be collected to discover the ties between revenue and profitability growth.

Human behavior must be captured using only one metric such as the NPS (Net Promoter Score) or the CSAT (customer satisfaction).

A

It cannot be overly complex or too simplified and must have direct ties to revenue and profitability growth.

59
Q

Being on hold for five minutes is a customer experience that would be measured by which of the following metrics?

Perception metrics

Outcome metrics

Price metrics

Descriptive metrics

A

Descriptive metrics

60
Q

Metrics and measurement focus on the mechanics of measuring the customer experience to ensure your organization is which of the following?

Reasonably competitive

Attain brand awareness

Somewhat Profitable

Customer-centric

A

Customer-centric

61
Q

“Did not purchase from the store again.” is a customer experience that would be measured by which of the following metrics?

Descriptive metrics

Outcome metrics

Price metrics

Perception metrics

A

Outcome metrics

62
Q

The higher the Customer Experience score means which is most likely?

The higher number of number which will defect

The lower number of customers who intend to defect

No change in the number of customers who defect

The change depends on the industry

A

The lower number of customers who intend to defect

63
Q

Which of the following is ensured as a focus on customer effort at each customer touchpoint?

There is effective and efficient delivery across the entire customer journey

Resource allocation is appropriately balanced in efforts

Both a and b

None of the above

A

Both a and b

64
Q

All the following are different features customer experience includes EXCEPT:

Need to be worth remembering

Negative elements which can divert customers’ attention from the experience

Experiences need to appeal to as few senses as possible as not to overwhelm the customer

Every experience is personal

A

Experiences need to appeal to as few senses as possible as not to overwhelm the customer

65
Q

Which of the following explains the increase in the number of available marketing metrics?

Increases in database technology

Advent of new channels of distribution for products and services

Identification of new drivers of customer and firm value

All the above

A

All the above

66
Q

All the following are measured by an outcome metric EXCEPT:

Call resolution rate

Likelihood to recommend

Likelihood to purchase

Likelihood to switch to a competitor

A

Call resolution rate

67
Q

Which of the following results indicates how customer experience affects loyalty?

It correlates with repurchasing and not leaving for another company. Therefore, it affects many aspects of loyalty.

There is little correlation with repurchase but affects many aspects of loyalty.

It correlates with repurchasing but does not affect many aspects of loyalty.

There is no correlation between CX, repurchasing or aspects of loyalty.

A

It correlates with repurchasing and not leaving for another company. Therefore, it affects many aspects of loyalty.

68
Q

In the last quarter, ABC Widgets started with 10,000 customers and during the same quarter they lost 250 customers. Which of the following is ABC Widgets’ churn rate?

  1. 50%
  2. 50%

40%

Not enough information to determine the rate

A

2.50%

69
Q

Contemporary retailing has evolved from being a buying ritual in the exchange process to delivering:

A joyful shopping experience

Satisfied consumers

Higher company profits

Excellent customer service

A

A joyful shopping experience

70
Q

For which of the following do respondents specify their level of agreement or disagreement on a symmetric agree-disagree scale for a series of statements?

Descriptive metrics

Outcome metrics

Likert scales

Meta-analysis

A

Likert scales

71
Q

Which of the following revenue areas is related to the likelihood to repurchase?

Retention of existing business

Save business after a bad experience

Sell new offerings

Word of mouth

A

Retention of existing business

72
Q

All the following are use of Customer Intelligence EXCEPT:

Adapt and evolve

Reduce the amount in TAT (Turn Around Time)

Provide input without monitoring process on output

Assessment of Production Quality

A

Provide input without monitoring process on output

73
Q

Which of the following revenue areas is related to the amount of business that comes from new business?

Retain existing business

Save business after a bad experience

Sell new offerings

Word of mouth

A

Sell new offerings

74
Q

Common single CX metrics include which of the following?

Net Promoter Score

Word of Mouth Index

Customer Effort Score

All the above

A

All the above

75
Q

All the following are measured by a descriptive metric EXCEPT:

Likelihood to recommend

Call and email volume

Average call time

Website visits

A

Likelihood to recommend

76
Q

In general, which of the following best states the conclusion of research models?

A customer’s perception of a company is developed because of their interaction across multiple-channels, not through one individual transaction or moment in time.

A positive and effortless customer experience can result in increased customer satisfaction, loyalty, and advocacy.

Both a and b

Neither a nor b

A

Both a and b

77
Q

Which of the following is a common thread that runs through all the definitions of “Customer Experience”?

Memorable events

A series of clues

Managing and measuring customer touchpoints

Customer corridor

A

Managing and measuring customer touchpoints

78
Q

A department could focus on a set of goals and priorities without any consistent or overarching goal to tie them together. Such management policies would lack which of the following?

Alignment

Focus

Willpower

Direction

A

Alignment

79
Q

Which of the following best describes what really matters with respect to the usefulness of the various metrics available to companies?

It is largely dependent on how it is used, and on the extent to which it is embraced within an organization.

The relative cost of the metric when compared to improvements in customer service

The ease of a specific metric and if it can be used efficiently and effectively

The timing of a metric, cost per customer, and the meaningfulness of results

A

It is largely dependent on how it is used, and on the extent to which it is embraced within an organization.

80
Q

Which of the following includes overall customer satisfaction and the customers’ satisfaction with specific aspects of the customer experience?

Perception metrics

Descriptive metrics

Outcome metrics

Meta-analysis

A

Perception metrics

81
Q

A product manufacturer and its distributor must align themselves digitally to meet customer needs. To accomplish this, the manufacturer could follow all these action plans EXCEPT:

Align the digital strategy to the customer experience lifecycle

Develop actionable use-case scenarios

Validate use cases

Divest itself of products

A

Divest itself of products

82
Q

Which of the following explains the main reason for the original use of marketing metrics?

It was to justify marketing spending.

It was due to the desire to measure everything from levels of customer satisfaction to the number of unique clicks to a website.

It was to discover some quantifiable measure of any number of business goals.

It was due to the need to discover firm performance levels.

A

It was to justify marketing spending.

83
Q

Which of the following are observable characteristics of customer interactions such as when, where and through what channel customers interacted with the company?

Perception metrics

Descriptive metrics

Outcome metrics

Meta-analysis

A

Descriptive metrics

84
Q

All the following must be done by customer experience professionals who need to make the case for improving customer experience EXCEPT:

Invite customer input

Plug actual numbers into a complex, hard to understand model

Include cost savings

Wrap numbers in a compelling story

A

Plug actual numbers into a complex, hard to understand model

85
Q

Which of the following allows organizations to quantify customer experience quality in a consistent manner across the enterprise?

Customer-centric culture

Customer experience strategy

Organizational adoption and accountability

Measurement, metrics, and ROI

A

Measurement, metrics, and ROI

86
Q

The foundation for the NPS starts with the:

The moment a customer decides to purchase a product or service

The overall factors of the reasons a customer chooses to make a purchase

The very first interaction a customer has with a company and builds with each subsequent encounter

None of the above

A

The very first interaction a customer has with a company and builds with each subsequent encounter

87
Q

All the following are important regarding making information data trustworthy for a company EXCEPT:

Questions must target the right customers

They must be the right questions

Only ask questions following a sale

Asking questions at the right time

A

Only ask questions following a sale

88
Q

Which of the following strategies will help reduce customer effort?

Predict follow-up questions and address them proactively

Train reps to navigate the emotional side of service

Make self-service easy

Ask your frontline team for feedback

A

Ask your frontline team for feedback

89
Q

Which of the following is the calculation for customer churn rate?

Total number of active customers divided by number of customers lost

The number of customers lost subtracted from total active customers divided by total customers

The number of customers lost divided by total number of active customers

The total number of active customers minus lost customers divided by total customers

A

The number of customers lost divided by total number of active customers

90
Q

Customer experience, as it is known today, began with which of the following?

Customer service desks in business places

Automated call routing technology for call centers

Clerks helping customers

All the above

A

All the above

91
Q

Which of the following statements is true?

Positive “word of mouth” spread on the Internet has been shown to be an important indicator of future success.

Positive “word of mouth” spread on the Internet has been shown not to be an important indicator of future success.

Positive “word of mouth” spread on the Internet has been shown to have little impact as an indicator of future success.

None of the above

A

Positive “word of mouth” spread on the Internet has been shown to be an important indicator of future success.

92
Q

“What did the customer think about the interaction?” is the question answered by which of the following customer experience metric types?

Perception metrics

Outcome metrics

Price metrics

Descriptive metrics

A

Perception metrics

93
Q

Promoters, passives, and detractors were the first to become part of which of the following measurement methods?

CES (Customer Effort Score)

NPS (Net Promoter Score)

WoMi (Word of Mouth index)

CSAT (Customer Satisfaction)

A

NPS (Net Promoter Score)

94
Q

All the following are strategic KPIs (Key Performance Indicators) EXCEPT:

NPS

CSAT

CES

SERVQUAL

A

SERVQUAL

95
Q

Which of the following questions is important to ask for meeting criteria when using NPS or other metrics?

Is the metric sensitive to changes in business performance?

Does it link to meaningful customer and financial outcomes?

Is it actionable at both the frontline and an organizational level?

All the above

A

All the above

96
Q

Which of the following core constructs includes the appearance of physical facilities, equipment, and personnel?

Tangibles

Reliability

Responsiveness

Empathy

A

Tangibles

97
Q

Adopting an effective measurement practice will allow a company to get actionable insight to the relevant people in which of the following?

The customer experience map

The customer experience system

The customer experience results

The customer experience ecosystem

A

The customer experience ecosystem

98
Q

Descriptive metrics for customer experience measurement are most likely captured using which of the following?

Surveys

Text mining

Analytics systems

Surveys and/or analytics

A

Surveys and/or analytics

99
Q

Which of the following does customer satisfaction ultimately lead to?

Builds market share profitably, thus improves shareholder value

Improves cash flow

Improves customers’ commitment and relationship to the firm

All the above

A

All the above

100
Q

Which of the following best summarizes conclusions related to service setting research?

Elements such as service settings with atmosphere, customers’ emotional perceptions, elaborate physical surroundings, and companionship are identified as critical to experience quality.

Though many customers are educated they tend are not concerned with excellent products and service quality.

Studies are not significant because of their limitations.

None of the above

A

Elements such as service settings with atmosphere, customers’ emotional perceptions, elaborate physical surroundings, and companionship are identified as critical to experience quality.