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3.03 CR

Business Essential

TermDefinition
competition The Rivalry between two or more businesses to or more businesses to acttrat scarce customer dollers
corporate culture The values and ideals that an organization encourages among its employees
courtesy polite behavior good manners
customer loyalty the customer preference for a business usually expressed in regular purchases from the business
customer relations All the activates a business engages in to interact with its customer
customer service activates and benefits provided by a businesses 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 questions used by businesses to answer question on their websites or other marketing materials
Incentive something that will fulfill a customer's specific desire or need
patronage loyalty to a particular businesses
proactive adapting to the environment in advance of the occurrence of events; taking advantage of opportunities rather than reacting to problems
productivity the amount and the value of goods and services produces (outputs) form set amounts of resource inputs)
Respect Regard or esteem
target market the particular group of customers a business seeks to attract
touchpoints all the opportunities that business 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: diana.d435
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