Question

In: Economics

The purchase decision is critical in driving customers to pick which company they will do business...

The purchase decision is critical in driving customers to pick which company they will do business with. How would you use technology to influence customers’ purchase decisions to increase your business’ customer base?

ASAP please

new answers please

Solutions

Expert Solution

There are various ways to attract customer base as follows:

1. One should after sales service attractive by providing their customer a solution at anywhere on their will. The home pick of product and fixing the customer’s problem at their home will make the existing customers to be with the company and also they will help in spreading positive feedback which will attract new customers.

2. Live chat with the representatives of the company should be available company’s portal so that if any one scrolling the product over web can solve their queries or tell their need to the representative through the web chat.

3. Advertising of product through various social media platform and the link should be attached on those advertisements so that customer will be redirect to the company in one go.

4. The company should analyze the big data base of the targeted customers and therefore should focus on the specific customers.

Rahul Sunny answered 7 months ago
Next > < Previous

Related Solutions

The purchase decision is critical in driving customers to pick which company they will do business...
The purchase decision is critical in driving customers to pick which company they will do business with. How would you use technology to influence customers’ purchase decisions to increase your business’ customer base?
Post-purchase evaluation is critical to the business. That is where customers would evaluate if the quality...
Post-purchase evaluation is critical to the business. That is where customers would evaluate if the quality of the product/service is good enough to do repeat business. Also, when it is the case, this will drive customer referrals as well. Discuss how you would capture customer evaluation and how you would use it to improve your business.
1. Research updates on the business environment. Pick a company you are familiar with and do...
1. Research updates on the business environment. Pick a company you are familiar with and do a SWOT analysis for considering entering the Cuban market. 2. What entry strategy do you think would work best for this company? Please don't copy other's answer and in your own words.
Pick a firm from which you purchase goods or services or by which you are employed....
Pick a firm from which you purchase goods or services or by which you are employed. Identify the firm’s relevant market structure. Strongly support your answer with theory from class. Be as detailed as possible and expand upon each concept. For example, if the firm is monopolistically competitive, how exactly do they differentiate their product? Or if its in an oligopoly, how does the firm react to its competitors’ actions? These are two limited examples. While you may not address...
Customers have “mental rules” that impact their attitude about a business. What can a company do...
Customers have “mental rules” that impact their attitude about a business. What can a company do to help ensure that a customer’s rule is not broken? Give two examples.
Investment Timing Option: Decision-Tree Analysis Wansley Lumber is considering the purchase of a paper company which...
Investment Timing Option: Decision-Tree Analysis Wansley Lumber is considering the purchase of a paper company which would require an initial investment of $300 million. Wansley estimates that the paper company would provide net cash flows of $40 million at the end of each of the next 20 years. The cost of capital for the paper company is 13%. Should Wansley purchase the paper company? (Answers: Yes or No) Wansley realizes that the cash flows in Years 1 to 20 might...
Funding a small business is a critical function of small business management. How do the capital...
Funding a small business is a critical function of small business management. How do the capital requirements vary by the stage a business is in its lifecycle? Which sources of funding are most appropriate for each stage? Explain your reasoning
A car rental company allows its customers to pick up a rental car at one location...
A car rental company allows its customers to pick up a rental car at one location and return it to any of its locations. Currently, two locations (1 and 2) have 16 and 18 surplus cars, respectively; and four locations (3, 4, 5, and 6) each need 10 additional cars. Because 34 surplus cars are available at locations 1 and 2 combined, and 40 cars are needed at locations 3, 4, 5, and 6 combined, some locations will not receive...
1. Which factor should be considered relevant data for decision evaluation? (pick two) a) Sunk costs...
1. Which factor should be considered relevant data for decision evaluation? (pick two) a) Sunk costs b) Costs that affect future cash flows c) Revenues that will be earned with either alternative d) Costs that will be incurred with one alternative but not the other 2. How do treasury’s plan assessments affect projected cash flow streams in budgeting? a) Calculates adequate funds and liquidity b) Determines impact on debt covenants and credit ratings c) Manages financing of long-term assets through...
This exercise parallels the machine-purchase decision for the Mendoza Company that is discussed in the body...
This exercise parallels the machine-purchase decision for the Mendoza Company that is discussed in the body of the chapter. Assume that Mendoza is exploring whether to enter a complementary line of business. The existing business line generates annual cash revenues of approximately $5,400,000 and cash expenses of $3,780,000, one-third of which are labor costs. The current level of investment in this existing division is $12,450,000. (Sales and costs of this division are not affected by the investment decision regarding the...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT