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Why are employees called internal customers?
Employees are called internal customers because they work for/with the organization from the inside vs. external customers who are customers who pay for a product or service. Much like companies serve external customers, they must serve internal customers (employees) in terms of training and development, job satisfaction, reward and recognition, feedback on performance. The relationship between external customers and internal customers is very symbiotic. Without one, you wouldn't have the other and without either, companies wouldn't exist.
What is the contest between businesses to win customers called?
Competition.
Why is consumer loyalty an important element in the success of a business?
Consumers are important to a businessfor its survival.A business realizes its goals throughthe product or service consumerspurchase.The consumer's satisfaction is veryimportant for repeat business.Loyal customers tell others abouta business, which brings in moreprofits, new customers.It's called word-of-mouth advertising.Word-of-mouth advertising spreadsfaster than a paid ad.
What is it called when you actively searching out sales leads in order to identify potential customers for your product is called?
Marketing
What is it called when The cost of storing products until they are purchased or shipped to customers?
storing
Why was John D rockafeller called rober barrens?
John D. Rockefeller was referred to as a "robber baron" due to his business practices that were seen as ruthless and exploitative. He gained control of the oil industry by employing tactics such as consolidation, aggressive competition, and price manipulation, which allowed him to amass significant wealth and power at the expense of others. This term reflects the negative perception of his business tactics during the Gilded Age.
A business that purchases a product from another business to sell to customers is called a?
manufacturing business
What are tasks that business perform and sell to customers called?
Task that businesses perform and sell to customers
One reason John D Rockefeller Andrew Carnegie and J Pierpont Morgan were sometimes called robber barons was because the?
used ruthless buiness tactics against their competitors
What is called business?
A business is an organization that is involved with the trade or sale of services or goods to customers. Businesses are sometimes called firms or enterprises.
Where can you complain about customers?
There is a site for contractors and businesses to share feedback about hard to please customers in their area on a site called Business Beware.
What is a ruthless ruler called?
A TYRANT.
How does the bank anytime service work at Integra?
Integra offers its customers telephone and Internet banking through its Bank Anytime service. The service is available for retail customers only, there is a similar service available especially for business customers called Business BankNET.
When a US business hires a third party within the US to provide services they offer to their customers it is called?
Outsourcing
Software that organizes manages and processes business data concerned with inventory customers and vendors is called?
system software
What is definition of cash receipt?
Most business customers pay by cheque or electronically. In both cases, there is no need to issue a receipt. These are only given to acknowledge the cash payments, which are rarely made by business customers. This is why they are often called cash receipts.
How did the Muckraker Ida Tarbell describe Standard Oil?
She presented evidence about unethical business practices. Other journalists called muckrakers did similar things, leading to a lot of business reform in the 1920s.
