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2 years ago

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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Mazyrski [523]

Answer: $13125

Explanation:

The amount that the insurer will pay to settle this loss will be calculated thus:

= Insured claim × Insurance value / 80% of replacement value

= 15000 × 105,000 /80% × 150000.

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Therefore, the insurer will pay $13125

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3 years ago

Nicole owns and operates two restaurants. The revenue of the first restaurant at time t is f(t) dollars, and the revenue of the

kati45 [8]

Answer:

$F(t)=f(t)+g(t)$ represents the TOTAL revenue at time $t$ .

Explanation:

$f(t)$ is the revenue at the time $t$ at the first restaurant.

$g(t)$ is the revenue at the time $t$ at the second restaurant.

If we want to know the TOTAL revenue at the time $t$ , we would sum these quantities:

TOTAL revenue = $f(t)+g(t)$

So $F(t)=f(t)+g(t)$ represents the TOTAL revenue at time $t$ .

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3 years ago

Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation. Paxson currently owes Jordan $400,000 for invento

Marat540 [252]

Answer:

Because this is an inter-entity balance then the amount that should be eliminated of this debt is the letter D. all the $400,000.

Explanation:

Inter entity balance facilitates the management of allocations and transfers between entities. They provide a better control over transactions spanning multiple entities, other benefit is that the accuracy of the financial data improves and finally and this is why the anser is option D. is that it keeps each entity in balance

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2 years ago

A(n) ________ is a tool management uses to assess the potential of a firm's business portfolio. It helps management decide how t

frozen [14]

Answer:

3. portfolio analysis

Explanation:

Some example is portfolio analysis are:

Unilever has a portfolio of supplying tea and ice cream.

Gillette provides shaving products and batteries.

Protfolio analysis is the process by which the portfolio or products of a business are reviewed. It is done to analyse risk and returns. When portfolio analysis is done frequently it helps the business make changes in portfolio allocation based on changing market needs.

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3 years ago

The Hays company is a regional soda company in the Midwest. It started out making a handful of sodas like cola, diet-cola, orang

valina [46]

Answer:

Competition and consumer trends

Explanation:

The Hays company makes a variety of products including sodas like cola, diet-cola, orange soda. Initially it had less competition, but more companies have entered the market.

Due to increased competition the Hays company will need to develop strategies to gain competitive advantage and by extension market in the more competitive market.

Also consumer trends is nowoving towards speciality sodas. The company will need to reduce the variety of sodas they produce and specialise in the product the consumers prefer.

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2 years ago