How Much Is a Satisfied Customer Worth?

Q: Make a Value Proposition Canvas using a product of Bag made out of recyable material "Recycled Bag"

A: Value Proposition - It is a promise of the value that a company or business offers to customers or…

Q: Explain the relation between customer satisfaction and customer loyalty?

A: Before we see the co-relation between customer satisfaction and customer loyalty and how they…

Q: What is the benefit for: the organization, the society or the consumer in terms of marketing after…

A: The advantages of marketing after the introduction/discovery of a new product in the market could be…

Q: Choose your own (or optional company) and one product. For example, chocolate "Laima" or bread…

A: Creating a customer profile helps in better understanding of the customer needs, preferences,…

Q: What is Customer Lifetime Value? Why is it important?

A: Customer lifetime value refers to the net worth of business done with a customer throughout their…

Q: In your opinion, to what extent have relationship marketing contribute in acquiring new customers…

A: Relationship marketing is a form of modern marketing . The modern marketing is more customer…

Q: Would current customers benefit from the product?

A: Business analysis is a test to evaluate a new-product idea, usually before any prototype has been…

Q: Do potential customers differ in their loyalty to existing products or brands?

A: The main difference between these two loyalty types is that customer loyalty revolves around…

Q: What makes some customers more valuable than others?

A: Some customers are more valuable than others. This may be due to a variety of factors, including the…

Q: Which individuals are in the buying center for the product or service?

A: Buying Center is a set of people who are involved in taking the purchase decisions. There are…

Q: Explain the following Five Main Types of Customers Loyal customers Impulse customers Discount…

A: Concept Of Customers - Customers, are described as those kind of individuals, or the business, that…

Q: Discuss approaches that a company can use to rectify a weakness in its customer value proposition.

A: Customer value proposition- A business way of creating value in its product and service while…

Q: How do customer relationship management and customer perceived value affect customer satisfaction?

A: People who buy goods or services for their own personal consumption, they are known as customers. A…

Q: Are you a committed customer to any brand,service, or outlet? Why

A: Yes, an individual is committed to one of the biggest e-commerce and tech giant. The individual is…

Q: If your target market are students, What do they need? What do they want? What products can you…

A: Market targeting decisions are taken based on the market segmentation. The company first segments…

Q: even though prices are higher why would buyers purchase more

A: There are certain reasons why customers prefers to buy more products ignoring the higher prices of…

Q: Define customer value ?

A: In today's competitive business environment it is essential for all business organizations to…

Q: Describe FOUR (4) options you might take if your customer believes your product did not fulfill…

A: The products and services offered by the brand in the market sometimes do not fulfill their needs.…

Q: Satisfied customers remain in the relationship with your company all the time? Why? Why not?

A: Businesses need money to survive and run their business. To earn money, businesses have to need…

Q: What is customer relationship management ?

A: A technique that is based on engaging the customers, gaining the customer's loyalty, and building a…

Q: Discuss the concept of customer satisfaction. How do customer relationship management and…

A: Every customer will try to find the best product or service for his personal use. This helps the…

Q: What benefits will your product provide to the customer? How will these benefits play a role in…

A: The marketer desires to communicate with their customer using multi-channels and a better…

Q: What is customer lifetime value and why is it important? Justify your answer.

A: Ans. Customer life value is the volume revenue ye as like an ecommerce commercial enterprise achieve…

Q: What is the difference between intrinsic value and acquired value?

A: INTRINSIC VALUE: intrinsic value is the calculated value of a company, including tangible and…

Q: How does marketing shape consumers needs and wants? Please provide detail.

A: Humans always have some needs and desires. marketing will so have a big impact on what buyers…

Q: How can companies monitor customer satisfaction and what methods can companies use to develop strong…

A: Customer Satisfaction is basically a term used to measure the happiness of the customers from the…

Q: What are the necessary steps involved to attain customer value

A: Following are the necessary steps in attaining customer value:   Step 1: Understanding what drives…

Q: What do you think motivates a customer / consumer to buy?

A: In general terms, motivation is all about an internal force that enables an individual to engage in…

Q: What is Customer Value?

A: Maintaining long-term relationships with current customers and obtaining repeat business depends on…

Q: Shouldn’t the focus of marketing be to acquire as many customers as possible?

A: Marketing - It is the process of business that involves activities of selling and promoting products…

Q: What are the outcomes of creating superior customer value? Why should companies pay attention to…

A: In the market, there are many products and services available. There are many producers producing…

Q: what is the role of marketing in creating and delivering customer value and which are the four forms…

A: Customer value is described as the satisfaction level of customers towards a specific type of…

Q: How are traditional ideals passed on today? What role do values play in customer decision-making…

A: The basic ideals, convictions, and concepts forming society are cultural traditions.

Q: How does consumers provide value to a product or service?

A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…

Q: Why is it important for the company to know the lifetime value of their customers?

A: Customer Life time value is the value that the customer provides to any organization during his or…

Q: If your target market are teenagers, What do they need? What do they want? What products can you…

A: These days there are various organizations and various industries that are active in the world.…

Q: A is some combination of products, services, information, or experiences provided to consumers to…

A: The main aim of starting any business is to profitably satisfy the needs or wants of the consumers.…