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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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What is the present value of the following cash flows at a discount rate of 9 percent?
frutty [35]

Answer:

Year 1 PV = 91,743.12

Year 2 PV =126,251.99

Year 3 PV =  154,436.70  

Explanation:

<em>The present value of future sum is the amount that ought to be invested today at interest rate compounded annually to equal the sum at the end of a particular period.</em>

The present value of a future sum is given as follows:

PV = FV × PV (1+r)^(-n)

PV - present value

FV - Future value

r- interest rate

n- number of years

Year 1 PV = 100,000× 1.09^(-1) =91,743.12

Year 2 PV = 150,000× 1.09^(-2) =126,251.99

Year 3 PV = 200,000× 1.09^(-3) =  154,436.70  

4 0
3 years ago
Which of the following would be the best allocation base for the Assembly​ activity? A. Direct labor hours hours B. Number of or
Elden [556K]

Answer:

The best allocation base for assembling activities costs are the number of parts actually assembled.

Since the number of parts is not an option int his question, the second best allocation base for the assembling process is A) direct labor hours.

If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

8 0
3 years ago
If you invest $5,000 at the beginning of each month, howmany months will it take for your account to grow to $250,000
mr Goodwill [35]

Answer:

50 Months

Explanation:

If there is no compound interest it would be 50 Months. You would divide 250,000 by 5,000 to get the months.

5 0
3 years ago
S= (1+r)c. find c if s=174 and R<br> =455
solong [7]
174=(1+455)c
c=174/456
c=0,3815789474
3 0
3 years ago
Austin and kayla have $35,000 in debt (student loan, credit cards, car loan) but have cut up all of their credit cards and start
Klio2033 [76]

The answer is a definite NO. No one should EVER cash in their 401(k) to pay off debt. You will never be able to recover from the loss of compounding interest if you take out money from your retirement account. This money should be saved for retirement or EXTREME emergencies.

Im this case, Austin should take the amount of his raise and use that to start paying down his debt FASTER.

6 0
3 years ago
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