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3.03 vocabulary

Positive Business Relations

TermDefinition
Competition The rivalry between two or more business to attract scarce customer dollars
Corporate culture The values and ideals that an organization encourages among its employees
Courtesy Polite behavior good manners
Customer loyalty The customer's perference for a business usally expressed in regular purchases from the business
Customer relations All the activites a business engages in to interact with its customer
Customer servies Activites and benefits provided by a business to its customers to create goodwill and customer satisfaction
Customer-centric Focused on customer needs and wants
Etiquette Rules applying to acceptable behavior
FAQs Frequently asked question used by businesses to answer questions on their websites or other marketing materials
Incentive Something that will fulfill a customer's specific desire or need
Internal customers The people (i.e., employees) who work cooperatively togetherto Achieve business goals
Patronage Loyalty to a particular business
Proactive Adapting to the enviroment in advance of the occurrence of event taking advantages of opportunities rather than reacting to problems
Productivity The amount and the value of goods and services produced (outputs) from set amounts of resources (inputs)
Respect Regared or esteem
Target market The particular group of customers a business seeks to attract
Touchpoints Alll the oportunites that businesses have to connect with customers and reinforce their brand value
Word-of-mouth promotion Promotion for a business provided by customers who tell others of their satisfaction with the business
Created by: Fredy.m585
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