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What are three ways consumers can gather information about goods and service?
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What tools are commonly used in organisations to gather information about customer service and customer satisfaction?
- customer satisfaction questionnaires- audit documentation and reports- quality assurance data- returned goods- lapsed customers- service calls- customer and staff complaints
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
Do consumers sell goods in the market?
no
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
How do consumers affect a business?
Consumers can affect a business based on consumptions of goods. The amount of goods that are bought and sold affect the profit and loss of a business.
What is it called when consumers have a great influence on the price of all goods and service?
Demand
Why is it important for the supplier of goods and service to have information about price elasticity of demand?
In that way the supplier of goods and services, will be able to know how many goods they must produce for the quantity demanded in the economy. They need to know how much price affects the consumers.
What do people make at Bulgaria?
industrial, commercial, consumers. adricultural and service-oriented goods
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
What is the definition of service sector?
The service sector is a segment of the economy that provides intangible goods and services to consumers, such as healthcare, education, finance, and entertainment. It does not involve the production of physical goods.
What dictates which goods and service producers should or should not create?
Consumer choices
What tools are commonly used in organisations to gather information about customer service and customer satisfaction?
- customer satisfaction questionnaires- audit documentation and reports- quality assurance data- returned goods- lapsed customers- service calls- customer and staff complaints
Are there consumers in Australia?
Yes, there are consumers in Australia and in every country where goods can be bought and sold. Any person who buys any product or service can be considered a consumer.
What are the factors that affect quantity demanded?
Quantity Demanded is only affected by the change in prices & all other factors given below only affect or lay down changes in Demand2. taste/preference of consumers; the higher the pereference for a particular goods/service the higher the qd for the goods/service; the lower the preference the lower the qd of the goods/service3. deposable income (dy) of consumers; the higher the dy of consumers the higher the qd of goods/services; the lower the yd the lower the qd of goods/services4. population. the more the population the higher the qd for goods/services; the lower the population the lower the qd for goods/services5. price of complimentary goods/services; the higher the price of complimentary goods the lower the demand for the main goods; the lower the price of the complimentary goods/service the higher the demmand for the main goods/service.by;Zain-Ul-abideen email. Zain-Ul-abideen@hotmail.com
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
Why did the garment workers union grow after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
