Customer satisfaction is the practice of measuring how happy customers are with a brand’s products and services. This is typically done by collecting feedback from customers through surveys, ratings, and other evaluation tools. Customer satisfaction is a key metric in marketing, as it helps businesses understand how well they are meeting the needs and expectations of their customers. By gathering this information, companies can identify areas for improvement and implement strategies to enhance the customer experience.
The concept of customer satisfaction dates back to the early 20th century, and there are several well-known customer satisfaction indexes and metrics that are used by businesses today. Many companies also develop their own metrics and methodologies to measure customer satisfaction. By regularly tracking customer satisfaction, businesses can gain valuable insights into their customers’ experiences and make data-driven decisions to improve their products and services.