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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:

brainly.com/question/20935329

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Consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to

AlekseyPX

Marketing information systems (MIS) consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to marketing decision makers

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3 years ago

A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu

OlgaM077 [116]

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

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3 years ago

You are an RR at a firm and one of your customers calls you up and informs you that she wishes to exercise a long listed option

MAVERICK [17]

Answer:

The correct answer is: The firm would present the order to the Options Clearing Corporation.

Explanation:

The Options Clearing Corporation or OCC works under the Securities and Exchange Commission (SEC) and acts as a guarantor and the issuer of options and futures contracts. The OCC is also in charge of clearing transactions for stock indexes, interest rate composites, and foreign currencies.

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3 years ago

Since the great recession of 2008, the phrase "the new normal" has become increasingly common. this phrase makes reference to

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The term new normal refers to a wide variety of context wherein something that was considered abnormal before has found its commonplace or sort of became a norm. It is referenced from the financial crisis during 2007-2008 and the global recession from 2008-2012.

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3 years ago

the key to being a good follower is to think for oneself and to work well without close supervision. this is referred to as ___

swat32

The answer is, "this is referred to as self-management".

There are four essential Qualities of Effective Followers, which includes;
Self-management
Commitment
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2 years ago