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What are the advantages of activity based budgeting?
To gain the advantage over the competition is the dream of any business owner. In order to do this, the business must be able to deliver a high quality product or service to the consumer at the lowest cost possible while maintaining a profit for the business.Activity-Based budgeting, allows business owners to evaluate each step involved that is needed to get the product or service to the marketplace.By knowing which steps are unnecessary and by eliminating them, money will be saved and the business will be moving in the right direction.Other benefits of Activity-Based Budgeting include:Allows the managers and business owners view the business as a system from start to finish, rather than individual departments.Produces a "culture of customer focus is reinforced, when employees understand they are in business to produce products and services for customers" Strategic Costing Techniques: Activity-Based Budgeting.Strategic Planning is made easier when everybody knows that the consumer is the most important individual in the business.The money saved from removing unnecessary process steps can be used for future projects and new products.Promotes teamwork within and between departments.Bottleneck-steps that slow down the complete process can be identified and removed.
What is renewal sales?
Renewal sales refer to the process of selling continued access to a product or service, typically in subscription-based models. This involves convincing existing customers to renew their contracts or subscriptions, ensuring ongoing revenue for the business. Effective renewal sales strategies often focus on customer satisfaction, relationship management, and demonstrating the value of the product or service to encourage loyalty and repeat purchases.
What is the average Administrative Assistant salary?
The average salary of an Administrative Assistant depends in which country one is based. In the United States the average salary for this job is around $33,000.
What is the effect when services are performed on account?
When services are performed on account, it means that the business provides a service to a customer without requiring immediate payment, creating an accounts receivable. This increases the company's revenue and assets, as it recognizes the income earned, while also establishing a liability to collect the payment in the future. It reflects a trust-based relationship with customers and can impact cash flow if not managed properly. Ultimately, this practice can support business growth by allowing customers to access services they may not afford upfront.
What is the best company with which to work for the processing of credit cards?
There are many good choices when selecting a credit card processing service. Your decision should be based on the personal needs of your company. You need to consider the costs and customer approval ratings.
Can a business legally refuse service to a customer based on their race?
No, it is illegal for a business to refuse service to a customer based on their race. This violates anti-discrimination laws.
How much does a business assistant make?
There is no set amount of money that a business assistant makes. The amount is based on the company's pay.
What is meaning sustomer service?
Many people have jobs in the field of customer service. The details of the job may vary based on the type of business the customer service is part of. In many situations a customer service representative is involved with making sure that the clients, and, or customers of any given business are well served by answering any questions a customer may have or in handling complaints. In large corporations the "Customer Service Department" may be large. It can also in many situations over see or manage sales representatives.
Is Net Suite a reputable web-based business software?
NetSuite is the only Software as a Service(SaaS) business software. It can support an entire company, from accounting to customer relationship management. It is a powerful business management software solution.
What is Sam's simple business philosophy?
Sam's simple business philosophy is to always put the customer first. This means creating high-quality products that meet the customer's needs and providing excellent customer service. Sam believes that if you take care of your customers, they will take care of you. This philosophy has served him well over the years, and he has built a successful business by always putting the customer first.
How can I purchase a credit card machine for my business?
To purchase a credit card machine for your business, you can contact merchant service providers or banks that offer this service. Compare different options based on fees, features, and customer support. Once you choose a provider, they will help you set up the machine for your business.
What is ServiceNow?
ServiceNow is a cloud-based platform that provides a range of services for IT service management, HR service delivery, customer service management, and more. It offers a unified system to streamline business processes, automate workflows, and enhance collaboration.
Why customer service excellence is important?
based on my experience, customer service is first person to handle with customer problem. they represent how does the company value is being integrated in pragmatic solution
What kinds of businesses should use sugarcrm software?
Sugarcrm software is customer relationship software. It would be best used in a place of business that would have a customer service department, which usually includes retail or internet based businesses.
Does discount tire have good service?
Discount Tire, based on reviews, have had excellent customer service. It is best to look up reviews for a company and to ask around when wondering about customer service. Discount Tires is known for one of the best rated customer service tire service in America.
Difference between customer Perception and expectation?
Differentiate between Customer Perception and ExpectationThe difference between customer expectations and customer perceptions. Customer expectation is what the customer expects according to available resources and is influenced by cultural background, family lifestyle, personality, demographics, advertising, experience with similar products and information available online. Customer perception is totally subjective and is based on the customer's interaction with the product or service. Perception is derived from the customer's satisfaction of the specific product or service and the quality of service delivery. The customer gap is the most important gap and in an ideal world the customer's expectation would be almost identical to the customer's perception.In a customer orientated strategy, delivering a quality service for a specific product should be based on a clear understanding of the target market. Understanding customer needs and knowing customer expectations could be the best way to close the gap.2) the difference between the customer's expectations of the service provided and the company's provision of the service. In this case, managers are not aware or have not correctly interpreted the customer's expectation in relation to the company's services or products. If a knowledge gap exists, it may mean companies are trying to meet wrong or non-existing consumer needs. In a customer-orientated business, it is important to have a clear understanding of the consumer's need for service. To close the gap between the consumer's expectations for service and management's perception of service delivery will require comprehensive market research
What does entitlement refer to?
The support services the customer is entitled to based on their service contract.
