Is it always worthwhile gathering more information about customer needs and preferences?

Business

1 answer:

GalinKa [24]3 years ago

3 0

Yes gathering more information enables the firm to forecast...

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Customers are more likely to tell their friends about negative experiences with companies than positive ones because:

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There is more drama involved in unmet expectations.

The reason why customers are more likely to tell their friends about negative experiences with companies than positive ones is that humans often remember the hateful things said than the nice things

Also, when customers are satisfied with one's service, they rarely tell others. whereas an unsatisfied customer would tell others about his or her bad experience due to unmet expectations.

Logically, customers would have bigger impressions in their mind when they have bad experiences reason companies work on strengthening and improving their customer experience team.

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Explanation:

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The variable manufacturing overhead costs is increased by $4,220 in every following quarter.

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