What does "CRM" stand for in business technology? 🔊
"CRM" stands for Customer Relationship Management, a technology used by businesses to manage interactions with current and potential customers. CRM systems help organizations streamline processes related to sales, marketing, and customer service. They facilitate better data organization, communication, and relationship building by storing customer information and tracking interactions. This ultimately enhances customer satisfaction and loyalty, enabling businesses to tailor their offerings and improve overall operational efficiency.
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