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It is because of the consumer that the producer earns his livelihood hence the consumer is regarded as the king. In the absence of consumer, earning the daily bread would be hard to comprehend for the manufacturer.
Still we hear cases of counterfeit against the consumer. The egocentric seller looks only for his gains rather than consumer needs. Providing adulterated or low-grade products or service ameliorates in cost -cutting for the organization but hinders the consumer. The consumer protection act of 1986 acts as a reconcile for such situations.
Cases of consumer being treated with honour are also contemplated. Their grievance is tackled with care and they are provided with adequate facilities if demanded for. The service industry in India is fast gaining appreciation. New ways are implemented in order to provide the best service possible so that the customer comes back to you and spreads the word about your organization.
Customer satisfaction research is one way to know how a consumer acknowledges a company. It can help the businesses in building stronger relationships with customer. The information gained through customer satisfaction research allows you to target limited resources in improving services. Gone are those days when producers would be kings, today the consumer is the king. The key to entry-exit of companies is in the hands of the consumer.
Today, the major driver of a company's profitability depends on customer satisfaction level. With easy availability of options in today's world; the consumers are riding a high wave.
navneet kaur
Wiki User
∙ 12y ago
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Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
Vision statement of Burger King?
Ok alright a a ahahha
Vision statement for Burger King?
The vision statement of Burger King focuses on serving the best burgers in addition to other great food items. They aim to always give the customer what they want.
In which type of economy are choices made by consumers?
market
How do you explain the paradox in the sentence The consumer is king yet still he is exploited in a variety of ways?
A consumer "eats" or uses other things. A king is a consumer, because he "eats up" or uses others and what they provide. Yet, he can be exploited so he cannot consume what he wants or needs.
Is a king cobra consumer?
yes I think a king cobra is in fact a consumer.
Is the king cobra a producer or a consumer?
consumer
Is a king cobra a producer a consumer or a decomposer?
consumer
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
Is a cobra a consumer?
yes I think a king cobra is in fact a consumer.
What is a tertiary consumer in the lion king?
lord
Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
Why did some people want Jesus Christ to be their king?
they thought that's what Jesus meant when He told them that he was King of Kings and Lord of Lords....they thought He meant He was an earthly king, but Jesus was talking about being a Heavenly king
What kind of consumer is a king snake?
A rattlesnake is generally considered a secondary consumer, sometimes a tertiary.
Who is the king of animal consumer among animals?
it depends on the ecosystem in the area
Who is the primary consumer in the movie The Lion King?
sun and plant
