Customer Relationship Management (CRM) Practice Test 2025 - Free CRM Exam Questions and Study Guide

Question: 1 / 400

Cost consideration for a customer segmentation tool includes:

Only the purchase price of the tool

The potential ROI from the tool

The correct answer highlights that the cost consideration for a customer segmentation tool should encompass the potential return on investment (ROI) from using that tool. This perspective is important because merely focusing on the upfront purchase price or ongoing subscription fees does not provide a complete picture of the financial implications involved.

The ROI from the tool includes not just the immediate costs but also how effectively the tool will create greater efficiencies, improve customer targeting, and ultimately drive sales and revenue. By evaluating potential ROI, businesses can better understand the long-term value the tool can provide in enhancing customer relationships and achieving strategic goals. This broad view allows organizations to make informed decisions that balance costs against anticipated benefits, leading to smarter investments in customer segmentation resources.

Other options, while they may encompass relevant costs, only capture a partial view of the overall investment and benefits associated with a customer segmentation tool. Focusing exclusively on purchase prices, subscription fees, or competition monitoring does not reflect the comprehensive evaluation needed for sound financial planning in CRM initiatives.

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The cost of competition monitoring

Only the subscription fees

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