Which software provides information on an organisation's products, services and customers?

Prepare for the CIMA Managing Finance in a Digital World (E1) Exam. Use multiple choice questions and study aids to enhance your knowledge. Get exam-ready with our insights and tips!

Multiple Choice

Which software provides information on an organisation's products, services and customers?

Explanation:
A system that focuses on customer data and how the business interacts with them is the one that provides information on products, services, and customers. A Customer Relationship Management (CRM) system centralizes details about customers—their contact info, history of purchases, service requests, preferences—and links these to the products and services they use. This makes it easy to see what offerings customers buy, tailor marketing and sales efforts, and analyze which products or services are most popular with different customer groups. The other options serve broader or different purposes: a Management Information System covers general internal operational data, a Knowledge Management System stores and shares knowledge assets, and an Executive Information System provides high-level strategic dashboards. CRM specifically targets customer-facing data and the products/services tied to those customers, making it the best fit.

A system that focuses on customer data and how the business interacts with them is the one that provides information on products, services, and customers. A Customer Relationship Management (CRM) system centralizes details about customers—their contact info, history of purchases, service requests, preferences—and links these to the products and services they use. This makes it easy to see what offerings customers buy, tailor marketing and sales efforts, and analyze which products or services are most popular with different customer groups. The other options serve broader or different purposes: a Management Information System covers general internal operational data, a Knowledge Management System stores and shares knowledge assets, and an Executive Information System provides high-level strategic dashboards. CRM specifically targets customer-facing data and the products/services tied to those customers, making it the best fit.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy