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When Customers Are Willing to Pay a Premium to Get

question 131

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When customers are willing to pay a premium to get precisely what they want and a company responds quickly to satisfy customer needs,the company has achieved what is called .


Definitions:

Brain

The organ located in the skull responsible for central nervous system functioning, including thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Graph Paper

A type of paper printed with fine lines making up a grid used for drawing graphs, charts, or other precise diagrams.

Orthopedist

A specialist who diagnoses and treats diseases and disorders of the muscles and bones.

Optical System

A combination of lenses, mirrors, and other devices that manipulate light to produce a desired image or effect.

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