The role of non-monetary costs
In recent years economists have recognized that monetary price is not the only sacrifice consumers make to obtain products and services.
literature survey, marketing strategyIn recent years economists have recognized that monetary price is not the only sacrifice consumers make to obtain products and services.
literature survey, marketing strategyTo what extent do customers use price as a criterion in selecting services? How much do consumers know about the costs of services?
To manage fluctuating demand in a service business, it is imperative to have a clear understanding of demand patterns…
supply chain managementService delivery for customers can be seen in a factory. The place the service is produced and is consumed interacting with the employees and other customers.
literature survey, marketing strategyVariety of negative emotions can occur following a service failure, including such feelings as anger, discontent, disappointment, self pity.
Both parties benefit i.e., customer / firm from customer retention. It is not only in the best interest of the organization to build and maintain…
brandingThere has been a shift from a transactions to a relationship focus in marketing. Customers become partners and the firm must make long-term….
branding, marketing and advertisingThe mere presence of customers in churches, restaurants, bars and spectacular sports is important. If no one else shows up, customers….