ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Making ____ spending decisions can result in better values for customers and larger profits for the business. (Fill in the blank)
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Big
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Small
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Smart
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Detailed
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Explanation:
Detailed explanation-1: -Creating customer value increases customer satisfaction and the customer experience. (The reverse is also true. A good customer experience will create value for a customer.) Creating customer value (better benefits versus price) increases loyalty, market share, price, reduces errors and increases efficiency.
Detailed explanation-2: -A value proposition stands as a promise by a company to a customer or market segment.
There is 1 question to complete.