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The American Customer Satisfaction Index
In 1994, the American Customer Satisfaction Index (ACSI) was started under the direction
of the National Quality Research Center (NQRC) located at the University of Michigan,
in partnership with the American Society for Quality and CFI Group, Inc. Since 1994, the ACSI has been measuring customer satisfaction with United States
consumer economy and providing economic indicators to companies, industry trade
associations, and government agencies. The ACSI interviews approximately 80,000
U.S. consumers every year about their the products and services they've used. Participants
are screened so that the ACSI are certain to cover the widest variety of business-to-consumer
products and services, excluding business-to-business transactions. The data they
collect is used for statistical research as well as for corporate and organizational
decision-making. The ACSI makes their information and data available to the public
in an effort to help consumers make better product choices. The ACSI uses customer interviews and econometric modes to measure and analyze customer
satisfaction. With the use of professional telephone interviewers, the ACSI administers
surveys and collects data from randomly selected and screened accurate representation
of the U.S. consumer population. The ACSI measures customer satisfaction levels for over 200 companies in 45 industries
and 10 economic sectors. During each quarter the ACSI collets data for particular
sectors and industries then replaces the data collected 12 months earlier. The
data is weighted by industry and sector to establish the national ACSI score. This
score represents the level of satisfaction of the American consumer. The companies
then use this data Index to evaluate customer loyalty, predict return on investments,
and identify areas where customer expectations are not being satisfied.
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