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Q: Any activity which seeks to earn a profit by providing a good or service is known as a?
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An activity which seeks to earn a profit by providing a good or service is known as?

any activity which seeks to earn a profit by providing a good or service is known as


What is the business coaching franchise known for?

The business coaching franchise is known for helping businesses on stabilizing themselves and providing tips and advice to keep the business running efficiently.


Customer care definition?

Customer care is also known as customer service. It is the provision of service to customers before, during, and after a purchase.


What is service value?

Customers value an IT service when they see a clear relationship between that IT service and the business value that they need to generate. In the past, both IT and business management have been very poor at understanding this link. IT has often known all about the costs of components, but not the cost of providing a service that the business understands, and the business has been unable to make value-based decisions about the worth of such solutions.Value is created through two components:• Utility - Value in the form of what the customer gets from the service. This will either be from providing new business lines or from the relaxation of existing constraints on the customer's ability to achieve their desired outcomes. Utility is about what the product or service does, determining whether it is 'Fit for purpose'.• Warranty: Value in the form of how this 'utility' is delivered to the customer. This is seen as the positive effect of the service being available when and where it is required, in sufficient capacity to meet the business needs, and being sufficiently reliable in terms of continuity and security for it to be depended on (i.e. it is 'Fit for use').


What are the advantages of customer services?

Amrik Manku: If the level of service provided to the customers are not up to standards the level of customers would drop massively, affecting the chances of repeat purchase and affecting the business. The most important objective for a business is to fulfil the customer's needs and satisfy the customers. If customer needs are not satisfy then the business would not get satisfied profit and extremely low chance of repeat purchase. If a business does not provide a high level of customer service, then the business would suffer in the market, with very low chances of repeat purchase and making profit. So it is crucial to provide a high level of customer service. Because then it would build customer loyalty, making your business well-known and successful in the market and against your competitors. So the advantages are: Customer Loyalty Strong Bonds Between Customers Secure Position In The Market Well-Known Higher Amount Of Customers Successful Competitive Advantage And Many Other Advantages......

Related questions

An activity which seeks to earn a profit by providing a good or service is known as?

any activity which seeks to earn a profit by providing a good or service is known as


What is the activity or entity that aims to earn a profit by providing goods and services that meet the needs of others?

any activity which seeks to earn a profit by providing a good or service is known as


What is a tertiary activitys?

Economic activity involving providing services such as banking or retail. Source: http://geography.about.com/od/geographyglossaryt/g/ggtertiaryacti.htm Hope I helped!


What is the role of service in the hospitality industry?

Hospitality is known as the act of generously providing care and kindness to whomever in need


Beeline TV is known best for providing what service to their patrons?

Beeline TV are best known for their free TV service that is not limited to one specific state, country, or area but is instead available to those around the world.


What services does Saludcoop provide?

SaludCoop is a health insurance company that provides its service to the Colombian region. It is not known for providing any other form of service outside of health insurance.


Is Mexico better known for producing or providing?

Mexico is better known for providing Oil.


What organization assists and entertains the American armed forces?

The one best known for this activity is the U.S.O. (United Service Organizations)


What is Iroc best known for?

IROC is a company that is best known for providing contract drilling services in both Canada and the U.S. They service wells and oil rigs and their equipment for maximum performance.


How long have Budget Car Insurance been operating in Australia?

The company Budget Direct, also known as Budget Car Insurance has been providing insurance in Australia since 2000, so they have been providing the service for thirteen years.


What service does Science Buddies provide?

The Science Buddies is providing the service of informing and giving advice on science fair projects and science fair project ideas. The Science Buddies is a well-known and well-reputated company.


What service does Servidores de Correo provide?

Servidores de Correo specializes in providing a service in meeting the needs of small businesses. The Domain is known as Go Daddy Support and aims to support the development of small businesses on the net.