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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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Later, the teaching assistant in Bob's chemistry course gives him some advice. "Based on past experience," the teaching assistan

77julia77 [94]

Answer:

1 hour working on problems, 3 hours reading

Explanation:

the question is not complete:

Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 200 practice problems for his chemistry course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.

Time Total Problems Answered Marginal gain

8:00 AM 0

9:00 AM 80 80

10:00 AM 140 60

11:00 AM 180 40

Noon 200 20

Since Bob's is able to answer more than 70 questions per hours only during one hour (from 8 to 9 AM), he can benefit more from reading the next 3 hours. Reading would be equivalent to answering 210 questions, while Bob was only able to answer 120 more questions in the following 3 hours.

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3 years ago

Is it possible for a company to initiate two products that target the same market that are not mutually exclusive?

Nutka1998 [239]

It is possible but there should be some type of criteria that needs to be met. For example, the market should have room for both products and the other important thing to have in mind is that the company must have sufficient resources in order to produce both products simultaneously.

4 0

3 years ago

Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax

Licemer1 [7]

Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal

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3 years ago

Read 2 more answers

In porter's generic competitive strategies, which strategy combines a focus on a total market scope and a competitive cost advan

Vanyuwa [196]

In porter's generic competitive strategies, <u>focus strategy </u>and <u>overall cost</u> <u>leadership </u>strategy combines a focus on a total market scope and a competitive cost advantage respectively.

<h3>What is focus strategy?</h3>

A focus strategy is a competitive tactic used to target marketing and sales at a certain market niche. Utilizing underserved or untapped markets is the goal of this technique.

While many rivals want to reach as many clients as possible with their sales, a focus approach chooses one or more certain categories. It gains an advantage by providing that sector with either high quality or low cost. These actions may improve client loyalty.

There are primarily two categories of focus strategies. One aspires to outperform the competition by cost leaders, while the other wants to succeed by differentiation itself.

Learn more about Focus strategy

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5 0

2 years ago

A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable var

FrozenT [24]

Answer:

a) 0.667

b) Yes

Explanation:

Data provided in the question:

Mean = 0.04 chip

Standard deviation, s = 0.003 chip

Lower Specification Limit, LSL = 0.034

Upper Specification Limit, USL = 0.046

Now,

a) Capability Index = ( USL - LSL ) ÷ ( 6 × s )

Capability Index = ( 0.046 - 0.034 ) ÷ ( 6 × 0.003 )

= 0.667

b) Cpk = min( [( USL - Mean) ÷ ( 3s ) , ( Mean - LSL) ÷ ( 3s ))

Cpk = min( ( 0.046 - 0.04) ÷ (3 × 0.003 ), ( 0.04 - 0.034 ) ÷ ( 3 × 0.003 ))

Cpk = min( 0.667, 0.667 )

Therefore,

Cpk = 0.667

as Cp and Cpk are equal

Hence, it is ideal condition and process is capable

3 0

3 years ago