Question

In: Finance

Why should the customer be kept informed of progress and advised of any delays? Discuss in...

Why should the customer be kept informed of progress and advised of any delays? Discuss in 100–120 words.

Solutions

Expert Solution

Answer: Customer is a person who buys company's product or consumes company's service. Customer is King and God. He should be well informed for any delay or progress because of following reasons-

  • Customers are very important for any business they should be communicated each and every thing that can directly or indirectly affect their perception, value or satisfaction.
  • Company should tell about any delay in product or service delivery by itself by apologizing and accepting because if customer gets to know about any delay by himself, he may lose the trust that is very important in any business.
  • Customers should be informed about any progress or delay of the product or service so that they can be mentally prepared for it and they can arrange the things if needed early. For example, Mr. John ordered medicines online and he has to take the pills on daily basis, if there is any delay from company side and Mr. John is informed then he can arrange the medicines for few days.
  • By informing about delays and progress, company can gain customer's trust and satisfaction, doing so will remind the customers that you are there for them.

Related Solutions

As auditors (or in any field) we should remain informed about current trends and issues relating...
As auditors (or in any field) we should remain informed about current trends and issues relating to our practice. Share an existing event or trend that connects to the concepts we've covered in this lesson. For example, it may refer to management's assertions, material misstatement, reasonable assurance, or other topics relevant to the content. Provide a summary, as well as an analysis of the situation and an explanation of how it relates to our studies. In your response, please include...
Why should postpartum women and their families be fully informed about the expected anatomic and physiologic...
Why should postpartum women and their families be fully informed about the expected anatomic and physiologic changes that occur as part of the recovery process following birth?
Discuss any one of these strategies. Vertical Integration Strategies or Outsourcing Strategies. Why should a company...
Discuss any one of these strategies. Vertical Integration Strategies or Outsourcing Strategies. Why should a company choose to or not implement any of these strategies?
1. Explain why adjusting entries are needed, and identify two key things that should be kept...
1. Explain why adjusting entries are needed, and identify two key things that should be kept in mind when preparing them. 2. Explain why closing entries are made. What are the two objectives that are accomplished by making closing entries? 3.In general terms, explain the purpose of the statement of income and the statement of financial position. Outline the type of information that each statement presents, and explain the basic difference between the types of items that appear on the...
Discuss any four characteristics of customer analytics. If you are the shop manager of a supermarket...
Discuss any four characteristics of customer analytics. If you are the shop manager of a supermarket and you are allowed to install some measurement devices, what types of customer analytics will you collect?  
Discuss why progress in biotechnology, particularly the advances in sex selection, calls for consideration of modern...
Discuss why progress in biotechnology, particularly the advances in sex selection, calls for consideration of modern ethics.
To whom should customer feedback be disseminated and why? (120–150 words)
To whom should customer feedback be disseminated and why? (120–150 words)
Why should (High performance liquid chromatography) HPLC equipment be kept in low temperature rooms during operation?
Why should (High performance liquid chromatography) HPLC equipment be kept in low temperature rooms during operation?
Should the physician (or any person) assisting a suicide victim be prosecuted? Why or Why not?
Should the physician (or any person) assisting a suicide victim be prosecuted? Why or Why not?
3. Discuss the accounting treatment, if any, that should be given to each of the following...
3. Discuss the accounting treatment, if any, that should be given to each of the following items in computing earnings per share of ordinary shares for financial statement reporting. a) Outstanding preference shares issued at a premium with a par value liquidation right. b) The exercise at a price below market value but above book value of an ordinary share option issued during the current fiscal year to officers of the corporation. c) The replacement of a machine immediately prior...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT