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schepotkina [342]
3 years ago
7

Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted ranc

id. She brought the sushi back the next day and was given a full refund with no questions asked. Evidence indicates that successful handling of product and service failures as in Emilia's situation leads to _______.
Business
1 answer:
coldgirl [10]3 years ago
8 0

Answer:

higher levels of customer loyalty.

Explanation:

CRM is an acronym for customer relationship management and it 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. Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

CRM means collecting information about the customer for the purpose of improving their future experience.

In this scenario, Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted rancid. She brought the sushi back the next day and was given a full refund with no questions asked.

This evidence indicates that successful handling of product and service failures as in Emilia's situation leads to higher levels of customer loyalty and as such they would stick to patronizing the business firm or service provider.

This ultimately implies that, in order to gain loyalty from your customers, it is very important and necessary that you treat them right, listen to their complaints, and resolve any business related issue because customers are always right.

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When external costs are present, Group of answer choices democratic political decision-making can be counted on to improve the e
MaRussiya [10]

Answer:

The correct answer is the first option: Democratic political decision-making can be counted on to improve the efficiency or resource allocation.

Explanation:

To begin with, in the microeconomics theory, when there are external costs it means that people external to the transaction or situation are being involved in it and therefore that they are getting costs for that particular situation that they did not asked for it. That is why that according to the microeconomics theory when there are external situations to the market, this last one may sometimes not be able to efficiently allocate every resource to everybody and it is in that time when the government as a public state must entry in order to try its best to find the efficiency in the distribution of the limited resources.

3 0
4 years ago
Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next
blsea [12.9K]

Answer:

The growth rate in nominal GDP is 19.72%

Explanation:

Nominal GDP is the value of goods and services produced in an economy in a particular year and it is not adjusted for inflation.

Nominal GDP Year 1 = 100 * 3 + 75 * 8 = $900

Nominal GDP Year 2 = 110 * 3.25 + 80 * 9 = $1077.5

The growth rate in nominal GDP can be calculated by using the following formula,

Growth rate = (Nominal GDP Year 2 - Nominal GDP Year 1) / Nominal GDP Year 1

Growth rate in GDP = (1077.5 - 900) / 900  =  0.1972 or 19.72%

8 0
3 years ago
Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells t
Fynjy0 [20]

Answer:

$750

Explanation:

Total cost for Brett = Rental cost + Buying cost for 200 throws

Total cost for Brett = $1,500 + ($15*200)

Total cost for Brett = $1,500 + $3,000

Total cost for Brett = $4,500

Total income for Brett = Demand * Selling cost

Total income for Brett = 150 * $35

Total income for Brett  = $5,250

Payoff = Income - Cost

Payoff = $5,250 - $4,500

Payoff = $750

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Tips for Successful LinkedIn Prospecting?
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Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

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  • Show’em What you Got For Them
  • Tweak and Polish Your Profile
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7 0
3 years ago
Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving
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Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance. 
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