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Orlov [11]
3 years ago
10

Your sister recently opened a swanky three-floor cheese market, Fromagerie, which is quickly gaining attention from locals, the

press, and restaurateurs in the area. Located near a college town, Fromagerie specializes in rare international cheeses; and on the top floor, there is a bistro where patrons can take cooking lessons, meet new people, dine, and sample some of the world's most savory cheeses before they make a purchase decision. The bistro element of the Fromagerie is primarily an example of your sister's retail strategy in the area of:
Business
2 answers:
Iteru [2.4K]3 years ago
5 0

Answer:

Customer Service

Explanation:

Customer Service refers to services provided by a service provider before, during and after purchase of the service. It is an act of meeting the needs of customers.

Customer Service is the rendering of high quality service to Customers.

Rendering a good customer service helps Improve sales.

Individual Customers tend to visit more the stores that treat them right and they can even recommend more people to patronise the store thereby increasing sales and Profit.

The bistro element of the Fromagerie is primarily an example of your sister's retail strategy in the area of Customer service

Trava [24]3 years ago
5 0

Answer:

Customer Service

Explanation:

Customer service can be defined as the act of taking care of the customers wants and needs during the purchase of a product and also after purchasing the product.

Customer service can also be described as the communication that takes place between the potential customer buying and the organization that is selling the product.

A good customer service is very essential to ensure the growth of the business and also to establish a trustworthy relationship between the organization and the customer.

Customer service representatives must have patience and a good listening skill.

The bistro element of the Fromagerie is an example of your sister's retail approach in the field of customer service.

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What is capital budgeting?
amid [387]

Capital budgeting is the process in which a business determines and evaluates potential expenses or investments that are large in nature. These expenditures and investments include projects such as building a new plant or investing in a long-term venture. Often times, a prospective project's lifetime cash inflows and outflows are assessed in order to determine whether the potential returns generated meet a sufficient target benchmark, also known as "investment appraisal

3 0
3 years ago
According to Mintzberg's organizational structures, hospitals and universities are examples of a:​ a. simple structure. ​b. prof
Taya2010 [7]

Answer:

b. professional bureaucracy

Explanation:

Bureaucracy refers to a kind of organizational structure which is governed by a clearly defined authority and rigid rules and regulations alongside long chain of hierarchy and reporting, which makes decision making a time consuming affair.

As per Mintzberg, professional bureaucracy is characterized by standardization of skills coupled with vertical and horizontal decentralization of responsibilities.

Such form of organizational structure allows for greater degree of autonomy and control to the professionals w.r.t their work. Such a bureaucracy recognizes the authority of professional expertise instead of the authority of hierarchy.

Such form of organizational structure is usually followed by schools, hospitals and universities wherein, the professional expertise of doctors and teachers define the authority instead of a pre existing chain of hierarchy that dictates what one is permitted to do.

5 0
3 years ago
If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen
Natali [406]

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>
  • A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
  • The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
  • Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
  • Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
  • If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

brainly.com/question/14316066

#SPJ4

6 0
2 years ago
Match the types of goods with their characteristics regarding exclusivity and rivalry. The task is to match the lettered items w
In-s [12.5K]

Answer:

1. Excludability

2. Rivalry in Consumption

3. 4 Different Types of Goods

4. Private Goods

Explanation:

4 0
2 years ago
Okay so, I'm doing Financial Literacy and I understand nothing. I would really appreciate any help.
Helen [10]

Answer:

ok so i think that # 1 is A and # 2 is D

7 0
2 years ago
Read 2 more answers
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