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What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?
Wiki User
∙ 10y ago
working around antitrust laws to gain control on the market
Wiki User
∙ 10y ago
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What is the Scope and importance of retailing?
To gain customers and dealers at the expense of competition requires better margin & more sales promotion tactics and better customer service (spare parts for cars emphasis on daily promotion.)
What are the factors involved in market segmentation?
Market segmentation requires market research and divides a market into various customer groups to create and/or offer products that will meet the customer's needs. Factors that are involved in market segmentation are identifying the segment by age, gender, income, geographical area and buying behavior.
What does mean by critical customers?
A "critical customer" is one that is vital to the fulfillment of a corporation's goals. For private corporations, including financial institutions, Internet Service Providers, and providers of other goods and services, critical customers are those who provide the company with the majority of its profits (a.k.a. the "bottom line"). On the other hand, health services organizations (at least on paper) consider "critical customers" to be those who are most in need of health services. These include disabled persons and those with life-threatening afflictions. In other words, a critical customer is one who or which requires a significant amount of a corporation's attention. They provide the company with incentive to continue its business.
What limits are you allowed to do when delivering customer service?
Good quality customer service requires one to go above and beyond to make the customer happy. You may only be limited by causing the company to lose money with an attempt to provide customer service.
What are the Advantages and disadvantages of marketing orientation?
A company with a marketing orientation has a strategic focus centered on awareness and understanding of the marketing concept. The marketing concept indicates that building long-term customer relationships requires putting the needs and wants of the customer first. Customer needs should drive the research and development process. This is opposite the product orientation, which makes the product the first point of emphasis. Customer-Centric AlignmentA major cultural advantage of adopting the marketing orientation in your business is that you can can employees at all levels involved in one strategic mission of customer satisfaction. This requires top management emphasizing the needs and satisfaction of customers as top priorities. If all employees commit to providing what customers want, your business should do better developing quality, well-received products and earning profits on them over time.?AdaptabilityAnother significant advantage of a marketing orientation is that your company likely has its ear to the market to garner more immediate feedback from customers. This helps you improve service but also make product or service adjustments generally desired by customers. Companies that make the product the focus are often too busy focusing on product research and development that they lose sight of what customers need or want in a solution.?Technological AdvancesA knock against the marketing orientation, and a benefit cited with a product orientation, is the ability to more quickly upgrade products with advanced technology and quality features. Though more responsive, companies that do not make product improvements a focus may not have the ability to adapt as quickly to provide these quality benefits to customers. This can serve as a deterrent to cutting-edge buyers who want to get in on the latest product advances.?Production EfficiencyAnother potential drawback of a customer-centric strategy is less emphasis on perpetual improvement of production processes and efficiency. New equipment and production processes emerge all the time in industries and if your company is not constantly watching for these improvements, it can fall behind. Production efficiency is critical to maintain low costs and generating strong profits. Even with a marketing orientation, your business should watch for opportunities to upgrade on production.
If a restaurant requires its customers to pay for their meals before eating the customer must .?
prepay, for study island
A call center agent or customer service achievements job?
A call center agent or customer services representative job requires various things like:Listen and respond to customers' needs and concernsProvide information about products and servicesTake orders, determine charges, and oversee billing or paymentsReview or make changes to customer accountsHandle returns or complaintsRecord details of customer contacts and actions takenResearch answers or solutions as neededRefer customers to supervisors, managers, or others who can help
What is departmentation of territory?
Departmentation by theory encourages focus on customer needs but requires managers and staffs expert in customers' problems.
What outstanding customerservice?
All customers want to receive outstanding service when dealing with an organization or business. This requires listening to the customer, fixing any issues they may have, and following up to ensure the customer is still satisfied.
How do you understand customers need?
A thorough understanding of your customers' needs requires analysis. Here are four steps you can follow to understand your customers' needs and turn this information into actionable results: Create a buyer's persona Seek feedback from your customers Analyze your competitors Craft a customer needs statement
Tell me about the most recent example of when you have exceeded your customers expectations?
This is a common job interview question and one that requires preparation. You need to have a story to tell where you went out of your way to help a customer. Think of a problem that you helped a customer to solve with your expertise.
Can you demand cash when self employed?
Running your own business and growing your customer base in a competitive business environment requires good customer relationship skills and policies. When a small business owner demands cash, rather than offering a variety of payment options, it projects an unprofessional business image and also inconveniences the customer. Customers who feel inconvenienced usually don't become repeat customers or sources of customer referrals. A business owner can say they prefer payment in cash; but making demands of that sort would probably hinder the potential for that business to grow and acquire new customers.
What purpose does a Nurit 8000 serve?
The Nurit 8000 is a wireless credit card terminal which enables customers to pay for items electronically in store. The product requires an internet connection where customer data will be securely transferred.
What is the Scope and importance of retailing?
To gain customers and dealers at the expense of competition requires better margin & more sales promotion tactics and better customer service (spare parts for cars emphasis on daily promotion.)
Where can one who requires the lending of money find a loan?
One who requires the lending of money can find a loan at Home Equity Loans. The site is said to give out quick and easy payments to their customers. Hundreds of customer reviews said it was a great loan and was the only loan they will ever use.
How to write Product Specialist Job Description?
We are a global technology company that is committed to providing the best in customer experience, innovation and value. Our mission is to help our customers succeed by bringing innovative solutions for their business needs. As a product specialist, you will be responsible for developing products from concept through launch. You’ll work closely with other product teams across multiple industries including healthcare, education, government and more. This role requires strong communication skills as well an ability to work independently or collaboratively on projects.
What is sales and marketing in short words?
To win the customer's heart understand their needs, listen carefully, offer solutions, and make them feel visible. Join UsLog in to Bio Marketing, advertising, and sales are three distinct but interconnected disciplines that are essential for promoting and selling products or services. Marketing refers to the overall process of researching, promoting, and selling products or services to customers. It involves identifying customer needs and preferences, developing products that meet those needs, and creating marketing campaigns to promote those products to potential customers. Marketing also includes market research, product development, pricing, and distribution strategies. Advertising is a specific component of marketing that involves creating and placing ads to reach potential customers. Advertising can take many forms, including print ads, TV commercials, online ads, billboards, and social media ads. The goal of advertising is to create awareness of a product or service and persuade potential customers to make a purchase. Sales is the process of directly selling products or services to customers. It involves identifying potential customers, building relationships with them, and closing sales. Sales can take place through various channels, such as in-person, over the phone, or online. All three of these disciplines are critical components of a successful marketing strategy. Effective marketing requires a deep understanding of customer needs, effective advertising to create awareness and interest in products, and skilled salespeople to close deals and build customer relationships. To win the customer's heart understand their needs, listen carefully, offer solutions, and make them feel visible. Join UsLog in to Bio
