An economic perspective of customer service predicts that if service is valued but freely offered, customers will

Question:

An economic perspective of customer service predicts that if service is valued but freely offered, customers will demand more of it than they are willing to pay for. Many commercial firms attest that they are “customer focused” and seek to delight, not merely satisfy, customers. If their actions match their claims, can they do so profitably? In fact, maximizing customer satisfaction can be a recipe for unprofitable operations. On the other hand, some organizations identify efficient ways to provide services, thus keeping customer satisfaction high and service costs low.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Management Strategies For Business Decisions

ISBN: 12

4th Edition

Authors: Ronald Hilton, Michael Maher, Frank Selto

Question Posted: