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Q: What if your repeat customers have made it clear that quality is more important than price this reflects your target markets?
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How do free markets lead to higher quality goods and lower prices?

Because if you don't offer a better product or better service or a lower price for a same service, you will not get customers. So you have to beat the opposition. In a controlled, or none-free market there is no incentive to do better.


Why it is important to produce high quality and attractive documents?

To promote a good image of your organisation; if your work wasn't high quality and attractive people would think that your organisation does not care about customers. It is alsopleasing to the eye and to the mind, to receive information that's easy to understand and looks well presented.


What is the relation between Price and quantity demand?

The higher the quality demanded, the more tolerance there is for higher prices. Customers will still seek the lowest-priced option that meets their quality demands, but will generally not settle for lower-priced items that are not of sufficient quality.


Why doesnt coke lose all its customers when it raises its price?

because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.


Why is equality important in business?

This is a much trickier question than it first appears. Both employees and customers want to be treated fairly and there will be negative consequences on the business if they do not feel treated fairly. This may mean "equal pay for equal work" or "level playing field" pricing to customers. On the other hand, "equality" does not imply that each employee is paid the same or that all customers are treated exactly alike. Some employees contribute more to the company's success than others do. Some customers have a different trade-off of price/quality/speed of service than others do. I some ways, what people really want is not to be treated equally but to be treated fairly and with respect for them as individual human beings.

Related questions

Former customers are important resources because?

Former customers are important resources. They will tell if your service is a quality service or if it is not. You want former customers to make positive referrals.


When was Quality Markets created?

Quality Markets was created in 1913.


When did Quality Markets end?

Quality Markets ended in 2010.


What important quality does the ionosphere?

the ionosphere is important is the it is in the thermosphere


Why is high quality important?

High quality is important because high quality products will last a long time. Since high quality products are durable, customers will pay more for the products.


Why is important to have a customer services quality?

so customers stay with existing company


What do you think is important to our customers?

we provide the good & quality item that's why the customer will happy & the customers co-ordination that is the importand


What do you consider is the most important when working with customer?

What do you consider is the most important when working with customers?


What is the best store to but jewelry beads?

Pandahall, which consists of a network of Chinese factories and online markets that work to provide quality beads and beading supplies to retail and wholesale customers.


How is moment of truth important for a positive customer perception?

moment of truth is important as that precise instant when the customers come into contact with any aspect of your business and on the basis of that contact form an opinion about the quality of your service and the quality of your product.


What is the meaning of quality management?

The meaning of quality management is to make sure a product or service is able to deliver the expected standard(s). It is an important part in keeping customers satisfied.


Why labelling important to customers?

Labelling is important to find the quality of the product. It provides the complete details like manufacturing date, MRP rate, ingredients compostion etc.