1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VladimirAG [237]
1 year ago
15

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

Business
1 answer:
Murrr4er [49]1 year ago
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:

  • <u>Budget-Cost</u>

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.

  • <u>Not every customer is equivalent!</u>

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.

  • <u>Customers are unsure too!</u>

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.

  • <u>Love the Customer, but Don't Expect Love in Return</u>

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:

brainly.com/question/20935329

#SPJ4

You might be interested in
As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
zaharov [31]

Answer:

decisional

Explanation:

She is playing a decisional role in the above scenario since she has to make the necessary arrangements and arguments and select the best possible price for the given scenario.

7 0
3 years ago
Assume you invested $100,000 into your lawn mowing business, but you could have invested in a similar operation with the same ri
Marta_Voda [28]

Answer:

you would get $20,000

Explanation:

100,000 x .2

3 0
3 years ago
A court order to compel or restrain a particular action is called
expeople1 [14]
I am pretty sure that correct definition looks like this: A court order to compel or restrain a particular action is called writ of injunction. For example, you have a lawn, and someone deliberately spoils it every day. You can apply to the court for the injunction against this person to deny the access to your lawn for this person.
4 0
3 years ago
Read 2 more answers
a. The consumption schedule directly relates consumption to saving. b. consumption to the level of disposable income. c. disposa
V125BC [204]

Answer:

CONSUMPTION TO THE LEVEL OF DISPOSABLE INCOME

Explanation:

It typically measures the aggregate amount of disposable income of a household in comparison to their consumption. Two measurements are used I.e. Avetage Propensity to Consume (APC) which is obtained by dividing consumption by income and Marginal Propensity to Consume (MPC) which is the ratio of each individual dollar of household income spent on consumption.

7 0
3 years ago
Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each
lisabon 2012 [21]

Answer:

Gradwell, Inc.

The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.

$243.00 per unit.

Explanation:

a) Data and Calculations:

production per unit                       DL rate   Total Labor Cost

product K8    300    5.0     1,500   $17.20       $25,800

product I4     900     3.0   2,700    $17.20        $46,440

total direct labor hours    4,200   $17.20        $72,240

production per unit       Direct Materials   Total Material Cost

product K8    300          $150.20                   $45,060

product I4     900          $243.70                    219,330

Total direct materials costs =                      $264,390

Estimated Expected activity

Activity Cost Pools Activity Measures  Overhead  Product  Product  Total          

                                                                   Cost          K8           I4

labor related            DLHs                 $176,064       1,500       2,700   4,200

machine setups       setups                   71,290         400          600    1,000

order size                MHs                      121,396      4,300       4,600   8,900

Total                                                  $368,750

Overhead  Cost Allocation  Product    Product    Total          

                                                K8             I4

Labor cost                         $62,880    $113,184  $176,064

Machine setups                   28,516      42,774       71,290

Order size                           58,652     62,744      121,396

Total                                $150,048  $218,702  $368,750

Quantity                                300          900

Overhead per unit          $500.16    $243.00

4 0
3 years ago
Other questions:
  • One of the goals of the federal reserve is price stability. for the fed to achieve this​ goal,
    10·1 answer
  • Suppose you start saving for retirement by depositing $4,000 every year into your retirement account. If your annual return is 8
    8·1 answer
  • Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unac
    14·2 answers
  • During the year, Apex Co. sold an unprofitable component of the company. The component had a net loss from operations during the
    12·1 answer
  • Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
    10·1 answer
  • Which one of the following is something to look for in identifying a company's culture? A. the atmosphere, spirit and character
    13·1 answer
  • What is journal entry for purchase goods from ram on cash rs 4000​
    6·1 answer
  • Deleon Inc. is preparing its annual budgets for the year ending December 31,2020. Accounting assistants furnish the data shown b
    7·1 answer
  • Ability to do speedy and accurate arithmetic
    7·1 answer
  • Differentiate between electricity geyser and gas geyser​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!