Do you believe that the most influential person in your business is the customer? How could customers hurt or help your business? Will your employees agree that customers are the most important part of the business?© BrainMass Inc. brainmass.com October 25, 2018, 8:10 am ad1c9bdddf
Do you believe that the most influential person in your business is the customer?
The customer is the most important person in your business from a revenue perspective. They may not be the most influencial. Influence on the business is something that changes the business for the good or bad. Even being the most important from a revenue perspective does not mean the company will focus on the customer. The company may be blindly focused on revenue and neglect their customers. In the recent company I worked for, the company had a model they used - the 3 legged stool - the customer was one of the ...
The most influential persons in business as a customer are examined. The expert determines whether employees agree that customers are the most important part of the business are determined.
Influence of Law and Justifying Investments
Managers should base pricing decisions on both cost and market factors. In addition, they must also consider legal issues. Describe the influence that the law has on pricing decisions.
"It is impossible to use DCF methods for evaluating investments in research and development. There are no cost savings to measure, and we don't even know what products might come out of our R&D activities." This is a quote from an R&D manager who was asked to justify investment in a major research project based on its expected net present value. How would you respond to this statement? Do you agree or disagree? Explain.View Full Posting Details