A customer's perception of ** value **is largely determined by What the customer knows about the firm's unit cost of production in comparison to A what the firm charges its customers (retail price). What it costs the customer (in terms of time) B to search for information and evaluate alternatives. What it costs the customer to transfer his/ her existing brand loyalty to another brand. The perceived benefits the customer receives from a product in relation to what D it costs the customer to purchase the product.
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A: The answer is as below:
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Q: snip
A: Price is an important factor that influences the purchase decisions of the customers.
Q: What is meant by Quality is Free by Philip Crosby? Give a situation that applies this principle.
A: ANSWER IS AS BELOW:
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- A firm’s value proposition communicates the benefits received from theproduct or service by customers. Therefore, the value propositionprovides the customer with which key piece(s) of information?A firm’s value proposition communicates the benefits received from theproduct or service by customers. Therefore, the value proposition provides the customer with which key piece(s) of information? a. The price of the good or service b. Where to buy the good or service c. How to use the good or service d. Reasons to buy the good or service e. All of these are correct.Top Manufacturer make shirts for discount retailer stores. They want to use a balanced scorecard to measure their business successes and productivity. Prepare a balanced scorecard for Top Manufacturer. Perspective Objectives KPI Financial Answer Answer Customer Answer Answer Internal Processes Answer Answer Learning and Growth
- Pepsi’s glass bottles won the Red Dot Design Award in 2015. The brand uses these bottles in selective restaurants to add some differentiation to the brand’s presentation. Discuss Pepsi’s strategy from the perspective of strategic brand management.On the basis of understanding and engaging customers , explain in depth about the concept of evolution of customer centricity and the challenges included, with solutions ( 500 words) and implications of quality( 250 words)It is important to cammunicate with the customer verbaliy and non-verbally about the satistying capacity of the product These tateinents are meatto the customer of the best possible product fit to his needs. Recommend, progress or help O b. Inform, persuade, remind O c. Identify, suggest, remind O d. Informs, persuade, recommend
- Write list of value (LoV )scale and examplify each value using a read time example of brands?6. For an innovation to be profitable, which factor is most essential? The technology underlying the product need not work The product must create value for the customer The Innovator must be a competitor All options are correct. 7. Which of the following is NOT part of process technology in manufacturing companies? Basic production equipment with advanced processes Fabrication Process The massive flow of materials throughout the supply chain The technologically advanced and extremely complex process 8. The knowledge where skills and abilities of an individual is gained through experience is known as? Explicit Knowledge Implicit Knowledge Tacit Knowledge All options are correct 9. Which among the following is the by-product of a hospital in Operations Management? Material Waste Clinical Waste Material Waste Heat Waste 10. Which among the following in the Ideas generation is NOT an external source? Surveys Customer Need Analysis Customer Suggestions CompetitorsWhich type of concept is required that highly hold the customer to buy those products that offer better quality and performance?
- ‘Customer is king’. ‘Customers are always right’. These are phrases that we hear all the time, and they are correct! As part of a condition for your promotion, you are tasked to advise the design team on how they can better focus on customers for the design of the new boots product line. In your advice, touch on why customers are important in design of goods and services, how the team can better engage them / focus on them during design of goods and services. explain 6Dissatisfied customers usually turn to other competitors and send negative impacts about the product to others Select one: True FalseWhat is more important, a quality product or excellent customer service?