Describe how a small business owner could use retaining existing customers for a competitive advantage.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
The goal is to form loyal longterm relationships Retaining these custom...View the full answer
Answered By
Muhammad Rehan
Enjoy testing and can find bugs easily and help improve the product quality.
4.70+
10+ Reviews
10+ Question Solved
Related Book For
Essentials of Entrepreneurship and Small Business Management
ISBN: 978-0133849622
8th edition
Authors: Norman M. Scarborough, Jeffrey R. Cornwall
Question Posted:
Students also viewed these Management Leadership questions
-
Describe how a small business owner could use devotion to quality for a competitive advantage.
-
Describe how a small business owner could use connecting with customers at an emotional level for a competitive advantage.
-
Describe how a small business owner could use the following sources of a competitive advantage: "niche-picking," "entertailing," emphasizing their uniqueness, connecting with their customers,...
-
Once an LLC has engaged in a dissolution procedure, the business does not stop immediately. True/False
-
Consider the usage of item # 14-46-506: 4 ft. Supersaver fluorescent lamps in Sterling Pulp Chemicals (now part of ERGO Worldwide) in the first 10 months of 2008. Month 2008 Jan10 Feb10 Mar66 Apr32...
-
Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...
-
(2) Do you think that the selection decisions to make redundancies were rational and fair? Could they be improved? If so, how?
-
A particular stock sells for $30. The stocks beta is 1.25, the risk-free rate is 4%, and the expected return on the market portfolio is 10%. If you forecast that the stock will be worth $33 next year...
-
Please help complete the accounting problem in the photo, thanks
-
The Prompt Corporation purchases product from two suppliers, A and B. Supplier A is located in Austin, TX, and supplier B in Carthage, TN. Supplier A supplies component a and supplier B supplies...
-
Describe how a small business owner could use dedication for service and customer satisfaction for a competitive advantage.
-
Describe how a small business owner could use paying attention to convenience for a competitive advantage.
-
What importance does the distinction between fixed and variable expenditures have in financial planning?
-
Fineas Co. use the Job Order Costing system to determine product costs. Before entering 2020, the company has created a production budget, with an estimated total manufacturing overhead of $...
-
Define what a market value is? What are three major principles of investing funds? How does the federal government control the money supply? An investor purchases a 10-year U.S. Treasury note and...
-
1. Suppose we have two alternative designs, each of which yields a different present value of the total lifetime cost: the first is $1604 and the second is $1595. Verify that the present value of the...
-
Sometimes when we are asked for a linear model, the information that we are given is data about a scenario. In these cases we have to use Excel to generate a trendline. There is a video in this...
-
1. Purpose Explain 3 points from the Introduction section as to why this study is important. How did this study build on the existing literature in this area? 2. Participants Outline at least 2...
-
In testing for unrecorded retirements of equipment, an auditor most likely would a. Select items of equipment from the accounting records and then locate them during the plant tour. b. Compare...
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
Determine the COP for a simple vapour compression refrigeration system.
-
How could the owners of Willow Springs have ensured the safety of their customers and prevented the infections from occurring? Explain.
-
Would it have been ethical for Willow Springs to remain open after Kalis case came to light, even though there could never be definitive evidence linking the infection to its lake? Explain.
-
What do you think the owners of Willow Springs should do with their property? Should they reopen the water park if they can ensure that the water is safe for swimming? Explain.
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
-
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
-
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...
Study smarter with the SolutionInn App