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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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Not trying to be rude but that’s too much for too little amount of points
That’s technically an entire book page of reading
4 0
2 years ago
Liabilities of the commercial banking system include rev: 06_06_2018 Multiple Choice loans and deposits. reserves and loans. res
Zolol [24]

Answer:

deposits.

Explanation:

The liabilities of the commercial banking system involves capital that includes cash reserves, deposited, debts, checking, saving amount,

The deposits could be in terms of saving deposit, fixed deposits, etc

Therefore in the given case,  the deposits are the commercial banking liabilities and the rest options like loan & deposits, reserve and loans, etc are not the liabilities so these are wrong options.

7 0
3 years ago
The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their
RUDIKE [14]

Answer: The correct answer is "a. decisions under risk.".

Explanation: The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their occurrence can be stated are called <u>decisions under risk.</u>

Decision-making under risk is one of the three possible decision-making scenarios based on the available information, this scenario presents an intermediate situation between decision-making under certainty or under uncertainty: each alternative, strategy or course of action has several possible consequences, but the person in charge of making the decision knows the probability of each of them.

5 0
3 years ago
In a fairly large portfolio, the ...................... risk associated with one stock typically has no impact on the portfolio
Yanka [14]

Answer:

Unsystematic; unsystematic

Explanation:

In the case of the large portfolio, the non-systematic risk that could be attached would have no effect on the total risk of the portfolio

So it is to be expected that the impact should be of non-systematic risk on different kind of stock that could be offset each other in order to remove out the risk to the investor that occurs from the sources of the risk

8 0
3 years ago
"Proverbs ____ honors the woman who manages her household well (vs. 13 and 16)."
Natasha2012 [34]

Answer:

31

Explanation:

6 0
3 years ago
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