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1 year ago

What problems might face a company that focuses mainly on its most profitable customers?

1 answer:

3 0

Although the customer is unquestionably the cornerstone to a successful organization, client centricity has several drawbacks, ranging from financial to innovation-related areas.

The drawabacks can be listed as:

Budget-Cost

Businesses create customer-focused policies in an effort to impress and keep consumers, but doing so can be expensive and may not be financially prudent.

Not every customer is equivalent!

Although the customer is always right, not all customers are suitable for your company. So, building just a customer based approach can harm your business.

Customers are unsure too!

Many marketers feel that if a company is consumer-focused, it will learn what the clientele truly desires and prosper.

While it's crucial for businesses to pay attention to their customers, they also need to know when to shift their attention away from them.

Love the Customer, but Don't Expect Love in Return

According to conventional knowledge, clients are more loyal to companies that go above and beyond their expectations; nonetheless, your customers may betray you in order to get the cheap, satisfying solutions they actually desire.

To know more about the topic, refer to:

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Which of the following comes closest to the value at the end of year 6 of investing $600 today (year 0) and then investing anoth

cestrela7 [59]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Investment= $600 today and $600 at the end of year 5

Interest rate= 3%

To calculate the final value, we need to apply the following formula on each investment:

FV= PV*(1+i)^n

FV= 600*(1.03^6)= $716.43

FV= 600*(1.03^1)= $618

Total FV= $1,334.43

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3 years ago

When the balance of an equity account, like Capital Stock, increases, it means that the account has been: Multiple Choice Deposi

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Answer:

Credited

Explanation:

Equity Account increase on the credit side and decrease on the debit side.

So, when the account increased, we say it has been credited. This means further stock has been issued to new or existing owners.

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3 years ago

When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to ___

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If the total production exceeds the total expenditures this means that there are more goods are produced than the demand of each households. Thus, this will lead to an increase of inventory. Then this will signal the manufacturing firm that they have overproduced the goods which will lead to cut back the production. This leads to lesser prices and/or unsold goods alongside with the likelihood of unemployment. Therefore the answer is d.

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3 years ago

Assume that because of a new law, the types of significant transactions a partnership engages in are no longer lawful. two of th

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3 years ago

The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized

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Considering the functions and operations of the organizations, The NYSE is an example of a(n) Organized exchange while NASDAQ is an example of a(an) Over the Counter market.

NYSE is an acronym for the New York Stock Exchange. It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.

On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market

Hence, in this case, it is concluded that the correct answer is option A. "Organized; over-the-counter."

Learn more here: brainly.com/question/21993468

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3 years ago