Answer: Locational excellence
Explanation: Locational excellence involves having an extremely good physical location or online presence. This is a macro strategy method of achieving excellence.
In this case, It is very important for the degree programs on the site to have a strong online presence and function well enough that they can compete with degrees offered at traditional universities. These sites should also be aesthetically appealing, convenient, garner student interest, and work well enough that they entice potential students to consider studying online using these sites. It is in this way that colleges offering these online degrees can achieve locational excellence.
Answer:
A firm in monopolistic competition tends to have more control over price when it is able to differentiate their product from their competitors either through improved quality, packaging, etc.
Answer: Option (B) is correct.
Explanation:
Inferior good is a good whose demand is inversely related with the consumers income. This means that if there is an increase in the income of the consumer then as a result demand for normal good increases but demand for inferior goods decreases.
On the other hand, if there is a decrease in the income of the consumer then as a result demand for normal good decreases but demand for inferior goods increases.
Hence, decrease in consumer incomes will increase the demand of product Y and the demand curve for product Y to the right.
Answer:
a. customize the goods and services offered to their customers.
Explanation:
Customer relationship management refers to the technology, principles, policies, considerations, and principles applied by businesses to ensure the satisfaction of their customers. The ultimate purpose of customer relationship management is to meet the needs of the customers, thus making them happy and satisfied.
When an organization customizes the goods and services offered to their customers, they are offering a personalized buying experience that would make the customers happy. They would also have a sense of belonging and the feeling of being recognized. The result might translate to increased sales.
