(A) creating superior customer value and satisfaction.
When customers are satisfied with products and services, it tends to build a lasting relationship, and that is why some customers will stick to a particular product for years irrespective of change in price or change in income. Value to customers as to do with what they benefit from your product or services rendered, and so to create superior customer value satisfaction, you need to understand what your customers really want and ensure that they get value/benefit.
Answer:
(B) are established primarily through negotiation.
Explanation:
Transportation rates can be referred to as the cost paid by users for transportation services. They are the negotiated economic cost of moving a traveler or a unit of freight between a specific origin and location. Rates are often visible to the consumers since transport service providers must provide this information to secure transactions.
In transportation, the scale of operations change by:
- Adding more vehicles to the fleet
- Adding more cars to a train
- Increasing the size of vehicles
- Operating in a larger network
Answer:
Substitutes
Explanation:
The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.
Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.
<span>While the role of the state in a command economy is to be Dominant, in a market economy the state's role is to be Passive
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Answer:
The correct answer is number (2): Limiting public transparency and accountability.
Explanation:
Researchers must provide trust and transparency during their study so the result of the research will reflect reliable information. Accountability, as well, should be present at all moments during the study moreover at the moment of collecting information from the target population and while gathering all the data to avoid manipulation that could affect the outcome of the research.
