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What else can I help you with?
What are the ethics of business?
Business ethics is concerned with managers acting ethically and morally on behalf of the business. When managers make poor choices concerning ethics, they lose customers.
Could you please Explain the importance of Business Communication to you and to business?
Business communication is important so that you can deliver the right products and services to customers. When there is interference in communication, the business could potentially lose money.
What is customer defection?
Customer defection is when you lose long stadning customers to a rival provider of goods or services in you business area.
Why are customers so important to a business?
If there were no customers, there would be no business. If there is no business, no money.
Who will be the various stakeholders of your business if you start a business?
Are all the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address. They include customers, employees, stockholders, bankers and goverment taxes.
What is economic constraints?
an economic constraint is something that will affect a business for example, customers have stopped spending their disposable income on luxuries because of a recession, so a business will lose sales and profits
Discuss how important customers are to a business?
If a business does not have customers then how is the business supposed to get money and pay for the merchandise.
Why would an organisation implement a customer service strategy?
Customer service is vital to any business because it helps keep customers coming back. If people are not satisfied with their product or service and nobody at the company tries to correct it, those people will not want to shop there anymore and the business will lose money. They'll also lose future customers, because the unsatisfied customers will tell their friends about the bad service and will convince them not to shop at that store either.
Why is it important to make customer feel welcome?
It is important to make customers feel welcome in a place of business because they need to feel comfortable. If they are not comfortable, there is a chance that business may lose them as a customer.
Why is it important to speak clearly on the telephone to customers?
There are people who will waste your time if you lose control of the conversation, and then you will not get much business done.
What are the key concepts related to business ethics?
The key concepts related to good business ethics are the ideas that honest ethics are necessary to attract and retain customers. Customers who understand that they have been treated fairy and ethically are those who will tell their friends and they might become new customers. By using good business ethics, you are also assured of earning your own self respect no matter if you make or lose money.
Is it illegal for a business owner to tell customers not to come back before they sell it?
No, it is not illegal for a business owner to tell customers not to come back. It is their business and they have the right to refuse customers especially if they are selling the business.
