Which of the Following Is One of the Ways an Organization

question 28

Multiple Choice

Which of the following is one of the ways an organization benefits from maintaining and developing a loyal customer base?

• A) Employee retention
• B) Customers' increasing expectations of more personalized service
• C) A reactive market-growth strategy
• D) The ability to engage in guerilla marketing
• E) Competitor entrenchment

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Definitions:

Economic Profit

The delta between aggregate sales and all-inclusive costs, factoring in both overt and covert costs.

Own Capital

The personal funds contributed by the owners or shareholders to a business for startup or expansion, representing equity in the firm.

Operating Profit

The profit earned from a firm's normal core business operations.

Assistant's Salary

refers to the compensation provided to an assistant, which can vary depending on the field of work, job responsibilities, and experience level.