Customers must be enticed to buy from them by offering a variety of perks and advantages, and they must also take efforts to keep them loyal to the company. When it comes to the financial system, how can this issue be resolved
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Customers must be enticed to buy from them by offering a variety of perks and advantages, and they must also take efforts to keep them loyal to the company.
When it comes to the financial system, how can this issue be resolved
Step by step
Solved in 2 steps
- They need to attract the customers by providing various benefits and advantages and taking steps to retain them in their business. I)How can this be solved in the financial system?considering the need to get to know the customer, how does the advisor present financial products fairly? And does a comparative of financial products always work? Can the behavioral component of the client to purchase a financial product and the complexity of the financial product provide a hinderance to an ethical presentation?Which of the following is NOT a benefit of providing credit to customers?A. It may result in increased salesB. It may encourage customer loyaltyC. It may attract new customersD. It may improve the cash flow of the business
- By giving clients with a variety of perks and advantages, as well as taking measures to keep them as customers, they need to attract and retain customers. Is there a way to fix this in the banking sector?Why are the customer perspective measures important when a company is doing financially well?Assume you are proprietor of any firm you like. Briefly describe the products or servicesyour firm will offer for sale. Would you extend trade credit to your customers? Why orwhy not? How will this decision affect your sales and profits? If you choose to extendcredit, how would you ensure that your firm is paid by its customers?
- How could the presentation of financial information pose an ethical dilemma to a business professional who is attempting to meet the demands of users who are interested in similar information?Accounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the companyHow is the behavior of the salespeople affecting the profit of KC Corporation? Is their behavior ethical? What could KC Corporation do to change the behavior of the salespeople?
- Suppose you are the marketing manager of the credit card department of a financial institution. After examining current market conditions, the objective is to support the company’s growth through a market penetration strategy. How would you apply this strategy to increase the profitability of the credit card?What support does Finance teams need to give a customer-oriented company a. Link size of client to customer value b. Not interfere in any activity c. Pricing, taxation and collection data d. Pay salaries on timeFinancial services providers are looking to segment their markets in the face of greater competition and ever more demanding customers. Would segmentation work for financial services? Show how financial services providers might go about segmenting their markets and implementing selected ?