Exam 8: Get Customer Feedback

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The easiest feedback system is a customer feedback card.

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Define and explain the NPS formula and how it applies to customer satisfaction.

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Net Promoter Score (NPS) is a metric used to measure customer satisfaction and loyalty. It is based on the simple question, "On a scale of 0-10, how likely is it that you would recommend our company/product/service to a friend or colleague?"

The NPS formula is calculated by categorizing respondents into three groups based on their rating:
- Promoters (score 9-10): These are customers who are highly satisfied and loyal, and are likely to recommend the company to others.
- Passives (score 7-8): These customers are satisfied, but not necessarily loyal or enthusiastic. They may be easily swayed by competitors.
- Detractors (score 0-6): These customers are unhappy and unlikely to recommend the company. They may even discourage others from using the company's products or services.

To calculate the NPS, the percentage of detractors is subtracted from the percentage of promoters. The formula is: NPS = % Promoters - % Detractors.

The NPS can range from -100 to +100, with a higher score indicating higher customer satisfaction and loyalty. It provides businesses with a clear measure of how their customers perceive their company, and can be used to identify areas for improvement and track changes in customer sentiment over time.

Overall, the NPS formula provides a simple yet effective way to gauge customer satisfaction and loyalty, and it can be a valuable tool for businesses to improve their offerings and customer experience.

What percent of customers whose complaints are dealt with report a willingness to do business with a company again?

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To run an effective focus group, you need to hire a professional with experience in handling groups of people and balancing the feedback from the participants.

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An active listener company will listen to complaints, but will do little to implement improvements.

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The author argues that feedback can be seen as a form of

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If customers fear a debate every time they voice a concern they will:

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The real issue when working with customer solutions is:

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A business that is "reluctant compliant"will:

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Which of the following strategies is NOT a great method of soliciting feedback?

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Open communication occurs best when:

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One reason that customer feedback cards are not effective is that customers only fill them out when they are bored while waiting for service.

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Handling complaints from two to three dissatisfied people will save how many possible defections?

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The time to gain insight from an unhappy customer is:

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The three-step process for acting on complaints does NOT include:

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Describe the three levels of commitment to feedback.

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A quick response to a customer's problem should convey your:

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Customers whose complaints are heard and acted upon are more likely to continue being loyal to you than those who do not have a complaint of the first place-even if you cannot fully fix their complaint.

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