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What are the most important factors in generating repeat purchase?

1. The quality of the product or service compared to competitors in the area 2. The price you are charging for the product or service (compared to the quality of the product and service) 3. How easy it is to get the product or service, so the place that it is found or if there is any public transport e.g bus , train. 4. promoting your business so that people are aware of the product or service that you are offering. 5. leave a good impression.


What do you call a business that owns a market and has no competitors?

Monopolies. Legal ones. The Electric company, The Gas company, etc. Also a patent can be an influence a market owned and offering a service or product that no one else does. ForresterCA


Service Vs product?

A service is an intangible act that a business or person performs for a customer, such as mowing a lawn. A product is a tangible item, such as clothing.


What Differentiation strategy and an overall cost leadership strategy is an example of?

Differentiation strategy and an overall cost leadership strategy are an example of porter's generic model. Differentiation strategy : where the product or service have unique attributes than its competitors that are valued by its customers. Cost leadership strategy : where the cost producing of the product of service is less than its competitors delivering the same quality.


Why customer service representatives are important in the business?

Customer service representatives is important for the business because they provide all kind of information regarding the product and services.

Related Questions

What is a person or business that controls distribution and prices of a product or service?

a monopoly


Concept of business?

The concept of the business is the idea that comprise of the basic information about the business. For example, the product or service, target market, demographics, unique selling proposition, competitors etc.


What is product and service in a business?

product and service in your life cycle


Is the Business employees are not directly related to the quality of a business product or service?

Business employees are not directly related to the quality of a business product or service


Justify appropriate pricing strategy for four wheelers?

Based on the many competitors a business has one may justify prices of products based on many reasons. these may include demand of product or service. if a product is in high demand consumers will pay the asking price just to have it. Quality of product or service, consumers want quality and will pay good money for it...if competitors off goods/services at a lower cost, if you hold a higher standard of product or service prices will be justified


What are the most important factors in generating repeat purchase?

1. The quality of the product or service compared to competitors in the area 2. The price you are charging for the product or service (compared to the quality of the product and service) 3. How easy it is to get the product or service, so the place that it is found or if there is any public transport e.g bus , train. 4. promoting your business so that people are aware of the product or service that you are offering. 5. leave a good impression.


What is the difference between a monopoly and a monopsony?

A monopoly is when a single company controls the supply of a product or service in a market, while a monopsony is when a single buyer controls the demand for a product or service in a market.


Does a tailoring shop is a business?

Yes.Selling any product or service is a business.Tailoring is a service business.


What do you call a business that owns a market and has no competitors?

Monopolies. Legal ones. The Electric company, The Gas company, etc. Also a patent can be an influence a market owned and offering a service or product that no one else does. ForresterCA


What to do business with the spokesparson?

individual who speaks on behalf of a product or service and whose name becomes associated with the product or service.


What are the strengths and weakness of entrepreneurs?

ang pagiging cra 22k...hahahaha


What is operational managers do?

Operation manager is the one who controls the entire process to meet the obligations of his/ her business to acquire a major role in the market by offering a very good product or service to the customers/client's