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:
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.
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Answer:
A concentration approach
Explanation:
In simple words, The Concentration strategy relates to a proactive approach where the focus of a corporation is a trading bloc or component. This helps the organisation to spend more money in manufacturing as well as marketing within that one region, but increase the chance of substantial losses in case of a decline in revenue or a rise in competition.
Answer:
70.1754386
Explanation:
The calculation of the number of the futures contract to sell as follows:
Portfolio value $1,000,000
Face value $100
Units. $10,000
Maturity portfolio. 5
Modified duration. 4
Modified duration of T bonds 9
Yield on portfolio. 0.000015
Yield on T bonds. 0.00001
Future price of the bonds $95
Loss of portfolio. $60
Decline in fut T bond price $.0086
Per value contract. $86
Number of future contract to sold 70.1754386
Answer: A
Explanation: capital accumulation is increasing the capital structure of a society in form of profitable investments. means the gathering of objects of value; the increase in wealth; or the creation of wealth. And this can be enhance by motivating the public to sacrifice some consumer goods for some industrial good or asset.
Answer: The answer is explained below.
Explanation:
Physical asset valuation is the process used to determine the fair market value of an asset. Research and development is the process whereby a company works in order to obtain new knowledge that will be used to create new technology, services, products, or systems.
Due to the different accounting practices which are accepted by different countries, companies has to consolidate their accounting into a standard. But in a situation whereby a foreign accounting procedure is translated to an accepted and followed standard, this might lead to valuation discrepancies. Therefore, an asset valued at certain amount may fall in value due to the foreign accounting standard used when compared to local accounting standards.
The same follows with the Research and Development cost as there is currency valuations involved and the gap in values of the currencies of the two nations can lead to differences in the the total cost of the project.
