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Creating Long-term Loyalty Relationships MCQs – Practice Test 5 PDF Download

MCQ 21: The first step in analysis of customer value is to:

  1. identify customer's value attributes
  2. assessing the attributes importance
  3. assessing the company's performance
  4. assessing the competitor's performance

MCQ 22: The difference between the customer's evaluation including all the costs incurred and the benefits is called:

  1. customer perceived value
  2. company market value
  3. customer affordability
  4. customer reliability

MCQ 23: The process of building, organizing and using databases of customers to build customer relationship is classified as:

  1. database marketing
  2. customer database
  3. detailed database
  4. company database

MCQ 24: The perceived monetary value of all the benefits which customers expect from a given product because of brand image is called:

  1. total customer benefit
  2. total customer cost
  3. total economic cost
  4. total functional cost

MCQ 25: The system includes all the experiences while using the market offering is classified as:

  1. customer proposition
  2. value delivery system
  3. product proposition
  4. distinctive proposition

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