Answer:
have greater marginal utility than existing substitute products
Explanation:
Utility is the satisfaction derived from consuming a good or service. Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.
Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.
Answer:
From guided notes reading of 7 skills to make mill$ :
This book focuses on __soft_______ skills or behavioral ___competencies________.
Explanation:
Brooks Harper's "7 Skills to make mill$" is a motivational book which urges students to perform at their best during their school days so that they can be prepared for the work life. In a very unique manner, Brooks hampered on the importance of the seven skills, which he described with the acronym DOLLARS. These include Diligence (hard work pays), Organization (Be your CEO, developing your GPA as your Goal, Plan, and Action and not just Grade Point Average), and Leadership (by making a difference). Others include Learning (replacing ignorance with education), Accountability (Your name = Your Brand; enhance or diminish it), Relationship (a warning to mind your company), and lastly Speaking (the articulation of ideas to others). These are the keys to success in life, which must be developed during school days.
Answer:
Creating a data warehouse
Explanation:
Customer relationship management or CRM aims at creating and maintaining good customer relationships, providing better customer satisfaction so as to increase sales.
CRM focuses upon providing good customer support and customer feedback.
The primary step, in Customer Relationship management is creating a data warehouse. Data warehouse refers to a database from where extraction of customer details gets convenient.
Such database can be used for data analysis and reveals customer habits and past purchase trends.
Answer:
The action of opportunity cost is that is the subjective measurement which could be determined only through the individual, who selects the action.
Explanation:
Opportunity cost is the cost or an expense or the value of the next best possible thing which the person or an individual gave up whenever make or take a decision.
In short, it is the loss of the gain that is potential from the other alternatives which are available when an individual or person selects the alternative.
Therefore, the action of the opportunity cost is the cost which is the subjective measure, that could be determined only through individual, who selects the action.
Answer:
The correct answer is the option C: The recognition and autonomy offered by attending seminars would result in satisfaction, but employees might also be dissatisfied if pay were poor or their ideas were not valued.
Explanation:
To begin with, the fact that some employees will find the seminars very rich in terms of learning more and therefore to increase their knowledge will stimulate the feeling of self improvement and growth not just in the company but also in their professional careers and that is why they will be more motivated at the time of doing their job but they would obviously feel dissatisfied if the pay is not worthy enough for them or even more if their ideas were not valued as they expected them to be and as the company said to them that will be.
