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maria [59]
2 years ago
11

four seasons why it is important for a novice entrepreneur to build positive relationships with customers

Business
2 answers:
kramer2 years ago
5 0

Answer:

1. Positive relationships with customers usually result in customer retention and repeat business.

2. Customers will generate leads by word of mouth and refer others to your business which is very important in the early business stages.

3. Customers will leave positive reviews of services and goods, increasing profitability and creditability.

4. Positive relationships with customers will create an emotional connection to the brand, and this will foster a business environment that is strong, constructive, and optimistic.

Explanation:

The people principle teaches that "People need People." It is essential to note that building positive relationships with people is necessary, not just customers. People have needs that transcend transitional relationships, and it is necessary to have an astute awareness of the underlining needs.

balandron [24]2 years ago
3 0

The reasons why it is crucial to form positive customer relationships  as a novice entrepreneur are:

  • Customers are the lifeblood of a business
  • it gives the entrepreneur more information about the customer's problems and how they can be solved
  • It builds trust and trust translates to improved buying decisions
  • happy customers create more opportunities for your business.

<h3>What are the keys to positive customer relationships?</h3>

The keys to positive customer relationships are:

  • great communication
  • empathy
  • Rewarding loyalty
  • Seeking feedback
  • consistency etc.

See the link below for more about Customer Relationships:

brainly.com/question/25656282

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For the Dividend Growth Model, the equation can be written as follows: P0 = =D1/(RE – g). How can this equation be rearranged?
zmey [24]

Answer:

C) RE = D1/P0 + g

Explanation:

The formula above is the cost of retained earnings or the cost of equity.

The first portion of the formula (D1/P0) is known as dividend yield which is simply dividend divided by price.

The second part(g) is known as the growth rate of dividends.

The initial formula is rearranged thus:

P0=D1/(RE – g)

P0*(RE – g)=D1

RE – g=D1/P0

RE=D1/P0+g

4 0
3 years ago
Use the graph to answer the question that follows.
Damm [24]

The movement from point B to point A is due to the price that companies can charge for the product decreases. Therefore the 3rd option is correct.

<h3>What is supply?</h3>

Supply is the economic concept which refers to the availability of the products and commodities in the market in order to satisfy the needs of the consumers.

According to the Graph, The prices of the commodity is decreased from $20 to $5 and output is also decreased from 200 units to 100 units which implies the decrease in the prices of the product which further implies the decrease in the level of supply.

Therefore the 3rd option is correct.

Learn more about supply here:

brainly.com/question/9054714

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5 0
2 years ago
what dimension of the business use of cloud systems focus on the benefits of rapid deployment, on-demand provisioning, and disas
Ann [662]

"Server less computing" refers to a method of executing cloud computing that makes use of dynamic resource management and the cloud provider as the server.

Each location where big clouds usually spread out their operations is a data center.

Businesses of different sizes, kinds, and industries employ a variety of use cases, including as data backup, disaster recovery, email, virtual desktops, software development and testing, big data analytics, and customer-facing web apps. "Server less computing" refers to cloud computing that makes use of dynamic resource management and the cloud provider as the server.

Learn more about "Server less computing" here,

brainly.com/question/28390032

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8 0
1 year ago
In a purchases-payables computer system, a purchase order is created after which document has been processed?
Lelu [443]
In a purchases-payables computer system, a purchase order is created after which document has been processed?
5 0
3 years ago
Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars)
bija089 [108]

Answer:

c. there is a negative externality.

Explanation:

At the time when one individual actions develops the benefits for others but at the same time they dont pay so it is to be known as positive externality

At the time when one individual action develops loss but the other who received the loss because of the action of the person so for this they didnt get the compensation so it is the negative externality

As we can see that there is three types of values so the correct option is c.  

3 0
3 years ago
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