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Marianna [84]
3 years ago
6

Why is customer service important? Check all that apply.

Business
1 answer:
Hunter-Best [27]3 years ago
3 0

Answer:

Customers expect it.

It affects customer perception of the organization.

Explanation:

Customer relationship management (CRM) typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, CRM is a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

A good customer service involves providing a timely, upbeat, and quality level of service, as well as attentive feedbacks to the customers that patronizes an organization. Thus, it ensures that the needs or wants of the customers are attended to in a matter that reflects positively on an organization.

Generally, customer service is important because of the following reasons;

I. Customers expect it: all customers are expectant of a timely and quality level of service being offered to them by a seller or employee.

II. It affects customer perception of the organization: a good customer service has a direct relationship with the way in which a customer views an organization and vice-versa.

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1. Production in insurance refers to the policies they produce: * True or False?
frosja888 [35]

Answer:

false

Explanation:

8 0
2 years ago
Over time the average rate of return on stocks is:
Tpy6a [65]

Hello there!

Your answer would be D). More than 5%

The reason why your answer would be "More than 5%" is because the Average rate of return on stocks is roughly about 7% overall. The term "rate of return" pretty much means the money that you would be getting back, or "profit" in a investment. Would you see the numbers for rate of return mostly in the stock market, business, and other types of investments someone makes. The words "Over time" is probably talking about the times all the way back to the 1950s where the returns were high, to this generation, which had a negative decrease in % of rate of return. That's why the question is asking you what the rate over time is, not just a specific time period.

7 0
4 years ago
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d
ki77a [65]

Answer:

Price elasticity of demand = Change in Quantity/ Change in Price

Using midpoint formula;

Change in Quantity ;

= \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{363 - 513}{\frac{513 + 363}{2} }\\\\= -0.342

Change in Price;

= \frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{0.99 - 0.88}{\frac{0.99 + 0.88}{2} }\\\\= 0.118

Price elasticity of demand = -0.342/0.118

= -2.90

Demand is elastic, so decreasing ticket prices will increase revenue.

When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.

6 0
3 years ago
Most companies use​ ________ when the managers develop budgets each year.
Katyanochek1 [597]
C is your answer C) master budget
5 0
3 years ago
Your classmates from the University of Chicago are planning to go to Miami for spring break, and you are undecided about whether
Art [367]

Answer:

You should use the discount coupon to pay for the Chicago-Miami trip. Not considering the personal motivations for the trip, the coupon is worth $500. The cost of flying is $600, so you will only pay $100 yourself. You will be spending $900 + $1000 = $1,000 in total.

The opportunity cost of using the coupon is $350 (the cost of the round trip to Atlanta). Even if you add the $350 to the $1,000 expense, the total is $1,350, less than your $1,400 maximum budget.

7 0
3 years ago
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