answersLogoWhite

0

 

Share of customer is the percentage of customers that buy a company's product of all customers purchasing in that product category

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Explain the difference between share of customer and customer equity.?

Explain the difference between share of customer and customer equity


What is the customer service number for Lloyd's Share Dealing?

Lloyd's Share Dealing is located in London. Their website lists their customer service number as 0845 60 60 560.


Explain the difference between share of customer and customer equity. Why are these concepts important to marketers (?

Share of customer refers to the portion of a customer's total spending within a category that is captured by a specific brand or company, while customer equity represents the total value a company derives from its entire customer base over time. These concepts are important to marketers because understanding share of customer helps in strategizing to increase sales from existing customers, and customer equity provides insights into the long-term profitability and value of the customer relationship. By focusing on these metrics, marketers can tailor their approaches to enhance customer loyalty and drive sustainable growth.


What is a banks customer's share of the profit made on loans?

The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.


Why is market share a lag indicator?

because it deals with customer satisfaction


What is bank customers share of the profits made on loans?

Savings account interest is the bank customer's share of the profits made on loans.


What does exceeding customer expectations mean to you?

To exceed customer expectations you try to understand your customers' values and focus on customers who share a common vision


Why it is important to match customer needs with the product?

for existence in business and improve market share


Can you give examples of when you have delivered a VIP customer experience or how you would deliver a VIP customer experience?

Whern i have delivered a vip customer experience i will show my tallents and try my best and i will share some ideas to others.


Which refrigerator manufacturer receives the best customer satisfaciton ratings?

Maytag seems to receive it's fare share of customer approval for all of their appliances including refrigerators.


Why is brand equity important in business?

brand equity is important in business to capture the large market share,and to increase the share price in the market and to attain the customer confidence.


How do you calculate net marketing contribution?

NMC = [Market Demand x Market Share x(Revenue per Customer - Variable cost per customer) ] - Marketing Expenses