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loyal customers are the one's who spend the most
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∙ 14y ago
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Why does loyal customer not a price sensitive?
Because by being loyal to the brand that means that the customer (often also consumer) trusts it. Even if a price is raised most customers feel safe with a specific brand (depending on the product of course) and are reluctant to switch to alternatives (every customer has one) due to satisfaction of the current one (he will not be loyal if he isn't satisfied). But that does not mean that all loyal customers are not price sensitive. Some maybe loyal, but if the gap of the product price and their own identification of the product price is too wide then they will switch to their alternatives. Customer loyalty is a very fickle thing and no customer is loyal forever.
Asking yourself what can i do to build a loyal customer base is a example of?
creativity
What is customer equity and How can a company increase its customer equity?
Value of potential future revenue generated by a company's customers in a lifetime. A company with high customer equity will be valued at a higher price than a company with a low customer equity.
How do you handle customer care?
Customer care is where you provide positive customer experience to your company customers as well as looking after your company customers needs
How do you answer if customer asks for service that not provided?
If a customer asks for service whcih cannot be delivered say him that service is a value addition given by the company for some special customers say like loyal customers. and convince him that if he uses the product for a certain period of time he will be eligible for it. by savio savioss101@gmail.com
Should a company become a customer-focused business Why or why not?
Most businesses should be customer-centered because it will help them attract loyal customers. With loyal customers, they can maximize their profits for their shareholders.
Will you be loyal to the company?
Yes, as long as the company remained loyal to me.
What is weakness for tesco?
Not being loyal to its customer
What is the profile of a 21st century customer?
The 21st Century customer has a wealth of information available to them readily. They do not have to depend on the company or mass media as their only source of information on purchase decisions. The 21st century customer has more opportunities for substitute products and is not brand loyal.
Why does loyal customer not a price sensitive?
Because by being loyal to the brand that means that the customer (often also consumer) trusts it. Even if a price is raised most customers feel safe with a specific brand (depending on the product of course) and are reluctant to switch to alternatives (every customer has one) due to satisfaction of the current one (he will not be loyal if he isn't satisfied). But that does not mean that all loyal customers are not price sensitive. Some maybe loyal, but if the gap of the product price and their own identification of the product price is too wide then they will switch to their alternatives. Customer loyalty is a very fickle thing and no customer is loyal forever.
What is the importance of customer in a firm?
Loyal and good customer on all senses is the soul of any enterprise.
Common phrases using the word customer?
The customer is always right. customer service a loyal customer a regular customer a new customer a frequent customer a valued customor a customer appreciation sale a repeat customer
Asking yourself what can i do to build a loyal customer base is a example of?
creativity
Can I be charged a fee that I was not made aware of?
Depending on your provider, if you complain enough, they usually will work out a deal with you. Instead of losing a loyal customer, they will try to figure something out that will satisfy both the company and you.
What is the cheapest broadband plan available in Noida and Greater Noida through Comway?
Comway Broadband's commitment to customer service has resulted in high customer satisfaction rates. Customers appreciate the prompt and efficient service they receive, which has helped the company build a loyal customer base in Noida and Greater Noida.
When revenue normally recognized for financial reporting?
Revenue is recognized for financial reporting when it is both earned and received or receivable. Earned means that the company did what it should to receive the money - delivered the product or service the customer was purchasing. Received or receivable means that the company either collected money or reasonably expects to collect payment.
What is customer equity and How can a company increase its customer equity?
Value of potential future revenue generated by a company's customers in a lifetime. A company with high customer equity will be valued at a higher price than a company with a low customer equity.
