When mars manufacture m&m’s, snickers, and other confectionery products, or when trek designs bicycles, each company’s core question is Customer Core Value.
The fundamental values and unadulterated advantages that each product or service offers to meet a particular requirement of the client are contained in the core customer value level.
The core customers' value to your business is enormous, thus your investment will yield better results if you have a deeper understanding of them. Every business ought to have a brand promise it makes to its clients. Your promise should set you apart from the competition in your market and aid in closing more transactions.
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Answer: Mr. Medeiros's approach can best be characterized as: TOKEN ECONOMY.
Explanation: Token economy can be defined as a system of behavior modification based on the principles of positive and negative reinforcement and positive and negative punishment. In this system of behavior modification, participants are rewarded with tokens for engaging in desirable activities. Tokens which are in turn used to purchase special privileges or meaningful objects..
