Customer Relationship Management

(abbreviated to CRM) refers to customer relationship management that seeks to answer the following questions:

  • Which customers are the most profitable?
  • Which services need to be offered in order to retain customers in the long term?
  • How can new customers be acquired with the aim of long-term loyalty?

IT-based CRM systems are an important part of Internet-based commerce.

Source: logipedia / Fraunhofer IML