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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The officer responsible for managing the firm's cash flows is the <span>treasurer</span>.
Answer:
- How to best segment the ready-made dinner market.
Answer:
1) The marginal (added) benefits of the proposed new robotics.
560,000 - 400,000 = 160,000
2) The marginal (added) cost of the proposed new robotics.
220,000 - 70,000 = 150,000
3) The net benefit of the proposed new robotics.
160,000 - 150,000 = 10,000
4) What should Ken recommend that the company do? Why?
Replace the existing robotics because the net profit is positive
5) What factors besides the costs and benefits should be considered before the final decision is made?
A. Whether there will be additional training necessary with the new robotics.
B. Whether even better robotics may be available in a short while.
C. What will be the energy consumption of the new robotics.
Answer:
a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.
Explanation:
From the question, we are informed about Bob, who attended the university football game last week . At the opening kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this case, Bob was participating in a non-cooperative game of strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.
