Which of the Following Is the Term for Customers Who

question 26

Multiple Choice

Which of the following is the term for customers who make repeat purchases and tell others about their positive experiences with a product or service?

• A)satisfied customers
• B)customer evangelists
• C)butterflies
• D)full partners
• E)social customers

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Definitions:

Demand Determined

A situation where the quantity of a good or service bought is strictly influenced by consumer demand.

MRP

Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a resource.

Productivity

A measure of the efficiency of production, often expressed as the ratio of output to input within a specific period.

Marginal Revenue Product

The additional revenue a firm generates from employing one more unit of input, such as labor or capital.