The main difference between the response of customers in service and product perception is that a customer percieves the product in his own way after purchasing a product at a particular price. When a customer purchases a service, the attitude of the customer is the function of Value, Quality and the satisfaction level of the customer.
the value of the service is determined vis a vis the price he is going to pay for a particular service. when a customer testifies the quality of a service either by his own past expeerience or by the communication of the service provider. after the consumption of the service the customer measures the satisfaction level he gets from consuming the service.
thus the customer perception regarding a service is framed by:-
1. the value of the service.
2. the qulity of the service.
3. the satisfaction level from the service.
since the optimum level of the Value, Quality, Satisfaction from a service is always acceptable to the customer.
the weightage of all these factors should be maximum. value of the service is related to the price but sometimes the image of the service provider(Quality) excels the price hike and a customer is ready to pay the increased price.
Two factors that could influence a consumers needs and wants could be their peers or advertising.
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
1.price of good and services 2.price of goodsand services in relation to other goods and services 3.taste and refrences 4.income
what are the factors that influence supply
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
Two factors that could influence a consumers needs and wants could be their peers or advertising.
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
Producers and consumers are biotic factors.
1.price of good and services 2.price of goodsand services in relation to other goods and services 3.taste and refrences 4.income
The political arena has a huge influence upon the regulation of businesses, and the spending power of consumers and other businesses.
what are the factors that influence supply
what are the factors that influence group behavior
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
The amount of goods and services that nations produce relates to consumers, laborers, technology, and ecology. For example, in order for a product to sell, people have to want it, and businesses have to create efficient ways to distribute it. Also, environmental changes impact worldwide commerce.
factors that influence what you pay for a flight?
There are many factors that can influence it but I don't know.
what is factors influence your outlook in life