Question

In: Economics

customer may be categorized in two basic groups quizlet

customer may be categorized in two basic groups quizlet

Solutions

Expert Solution

Customers assume a huge part in any business. To comprehend Customers' conduct and to all the more likely assign assets to various clients to create the most elevated benefit, it is important to have the option to recognize and portion various kinds of Customers.

Loyal Customers: Loyal clients are the most significant section to appease and ought to be head of-mind for any organization. This sort of clients speaks to close to 20% of an organization's client base yet contributes most of the deals income. They are faithful and worth an item intensely. Furthermore, loyal clients are probably going to prescribe the organization's items to others. In this manner, it is essential to request their information and input and include them in an organization's decision-making cycle. Hefty accentuation ought to be set on loyal customers if an organization needs to develop. The people in this gathering see you all the more regularly, purchase more from you than any other individual, and really think about their cash to you without putting towards your rivals. All in all, they work with you consequently. They are likewise the ones who are well on the way to react to any specials, limits, or advancements you put out there. Simultaneously, this is a similar gathering that likes you by and by, confides in you certainly, and spreads positive informal exchange about your business and items. They leave you good surveys wherever they go and produce unlimited references whenever the opportunities come up.

Impulse customers: These customers don't have a particular shopping list as a top priority and buy items immediately. Moreover, these customers are regularly open to suggestions on items. Keeping these clients on top of it on new item contributions goes far in improving an organization's benefit. These are your clients of comfort – the individuals who work with you since you're the nearest, the quickest, or have the most minimal cost. Or then again maybe they've generally purchased from you, however, don't really feel a specific dedication to you. The first is that they are far less responsive and beneficial than your best clients are. They simply aren't as connected, and they aren't put resources into your prosperity. The second is that they can be taken from you whenever. In case that one of your rivals has a lower cost or something different that makes it more advantageous to work with them, they'll escape and begin sending their cash to another organization.


Related Solutions

Nuclear Radiation Sources can be categorized into two main groups: charged particle sources and uncharged particle...
Nuclear Radiation Sources can be categorized into two main groups: charged particle sources and uncharged particle sources. For each of the radiation sources listed below, indicate whether charged particle or uncharged particle source is and what is the physical mechanism behind these sources.(i) Alpha particles (ii) Beta particles (iii) Gamma rays (iv) Characteristics X-rays (v) Conversion electrons (vi) Auger electrons (vii) Fission fragments(viii) Bremsstrahlung (ix) Annihilation radiation(x) Neutrons
2. A monopolist knows that she sells to two different customer groups. Demands and marginal revenues...
2. A monopolist knows that she sells to two different customer groups. Demands and marginal revenues for each group are: P1 = 64 - 4q1 MR1 = 64 - 8q1 P2 = 18 - 1.5q2 MR2 = 18 - 3q2 a. Suggest a rational 2-part tariff strategy for this monopolist. Show your work.
Organizations fall into two basic types: Profit Non-Profit In each of these groups are subgroups. Profit...
Organizations fall into two basic types: Profit Non-Profit In each of these groups are subgroups. Profit Non-profit- Voluntary Non-profit- Government Define the difference between a profit and a non-for profit organization, and give an example of each. Described what is type of organization you'd like to work for and why?
In 3 paragraphs please define the three basic ways computer crime can be categorized. List the...
In 3 paragraphs please define the three basic ways computer crime can be categorized. List the steps taken in following a common protocol for processing a crime scene involving electronic evidence.
Question    1. Discuss how customer discrimination can result in wage differentials between two groups of...
Question    1. Discuss how customer discrimination can result in wage differentials between two groups of workers. (6) 2. List three types of labour market immobilities and give an example for each. (6)
1. Production system of any product or service may be categorized as Job shop, Batch, Mass...
1. Production system of any product or service may be categorized as Job shop, Batch, Mass and Continuous production. Explain the characteristics of each system, identifying two advantages and two limitations of each system.
Financial Management decisions may be broadly categorized into investment (capital budgeting), financing and dividend decisions. You...
Financial Management decisions may be broadly categorized into investment (capital budgeting), financing and dividend decisions. You are required to explain each of the three (3) Financial Management decisions, giving appropriate examples.
Prove that any two groups with one element are isomorphic. Prove that any two groups with...
Prove that any two groups with one element are isomorphic. Prove that any two groups with two elements are isomorphic. Prove that any two groups with three elements are isomorphic.
In this project, you will create a Visual Basic solution to perform customer billing at the...
In this project, you will create a Visual Basic solution to perform customer billing at the Cyberian Internet Cafe. Please see below for the detailed instructions. You will create the project and then design a form using the image provided here. Then, add the necessary code to do the billing calculation and display the amount due. Instructions In this case, you will create a Visual Basic solution that performs customer billing for the Cyberian Internet Café. The Cyberian Internet Café...
Question 1 1 pts There are three basic groups of activities on the Statement of Cash...
Question 1 1 pts There are three basic groups of activities on the Statement of Cash Flows. They are operating activities, investing activities, financing activities. direct activities, indirect activities, immaterial activities. asset activities, liability activities, stockholders' equity activities. income statement activities, balance sheet activities, contingent activities. Flag this Question Question 2 1 pts The indirect method reports cash flows in the first basic group of activities by starting with total assets. total comprehensive income. net income. net sales. Flag this...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT