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An activity which seeks to earn a profit by providing a good or service is known as?

any activity which seeks to earn a profit by providing a good or service is known as


Customer care definition?

Customer care is also known as customer service. It is the provision of service to customers before, during, and after a purchase.


What is the business coaching franchise known for?

The business coaching franchise is known for helping businesses on stabilizing themselves and providing tips and advice to keep the business running efficiently.


What is service value?

Customers value an IT service when they see a clear relationship between that IT service and the business value that they need to generate. In the past, both IT and business management have been very poor at understanding this link. IT has often known all about the costs of components, but not the cost of providing a service that the business understands, and the business has been unable to make value-based decisions about the worth of such solutions.Value is created through two components:• Utility - Value in the form of what the customer gets from the service. This will either be from providing new business lines or from the relaxation of existing constraints on the customer's ability to achieve their desired outcomes. Utility is about what the product or service does, determining whether it is 'Fit for purpose'.• Warranty: Value in the form of how this 'utility' is delivered to the customer. This is seen as the positive effect of the service being available when and where it is required, in sufficient capacity to meet the business needs, and being sufficiently reliable in terms of continuity and security for it to be depended on (i.e. it is 'Fit for use').


What are the advantages of customer services?

Amrik Manku: If the level of service provided to the customers are not up to standards the level of customers would drop massively, affecting the chances of repeat purchase and affecting the business. The most important objective for a business is to fulfil the customer's needs and satisfy the customers. If customer needs are not satisfy then the business would not get satisfied profit and extremely low chance of repeat purchase. If a business does not provide a high level of customer service, then the business would suffer in the market, with very low chances of repeat purchase and making profit. So it is crucial to provide a high level of customer service. Because then it would build customer loyalty, making your business well-known and successful in the market and against your competitors. So the advantages are: Customer Loyalty Strong Bonds Between Customers Secure Position In The Market Well-Known Higher Amount Of Customers Successful Competitive Advantage And Many Other Advantages......

Related Questions

An activity which seeks to earn a profit by providing a good or service is known as?

any activity which seeks to earn a profit by providing a good or service is known as


What is the activity or entity that aims to earn a profit by providing goods and services that meet the needs of others?

any activity which seeks to earn a profit by providing a good or service is known as


Safety and Security Service?

Maid Service Jaipur is known for providing the best safety and security maid service in Jaipur.


What is a tertiary activitys?

Economic activity involving providing services such as banking or retail. Source: http://geography.about.com/od/geographyglossaryt/g/ggtertiaryacti.htm Hope I helped!


What is the role of service in the hospitality industry?

Hospitality is known as the act of generously providing care and kindness to whomever in need


Beeline TV is known best for providing what service to their patrons?

Beeline TV are best known for their free TV service that is not limited to one specific state, country, or area but is instead available to those around the world.


What services does Saludcoop provide?

SaludCoop is a health insurance company that provides its service to the Colombian region. It is not known for providing any other form of service outside of health insurance.


What organization assists and entertains the American armed forces?

The one best known for this activity is the U.S.O. (United Service Organizations)


What soil horizon contains the most biological activity?

The O horizon, also known as the organic layer, contains the most biological activity in soil. This horizon consists of decomposing organic matter like leaves and plant residues, providing nutrients for microorganisms and promoting their activity.


What is Iroc best known for?

IROC is a company that is best known for providing contract drilling services in both Canada and the U.S. They service wells and oil rigs and their equipment for maximum performance.


Is Mexico better known for producing or providing?

Mexico is better known for providing Oil.


How can you estimate a company's profit without a profit and loss account?

You can take known information about the company and apply industry/regional standards. For example, if it is a retail store, you could estimate sales based on square footage and then estimate profit as a percentage of sales. If it is a service business, you could estimate income per productive employee, etc.