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:

Responsibility

The state or fact of having a duty to deal with something or of having control over someone; a moral obligation to behave correctly towards or in respect of.

Legal Relationship

A connection between two or more entities recognized by law, subject to legal rights and duties.

Family Matters

Refers to legal issues and situations involving family relationships, such as divorce, child custody, and adoption.

Presumptions

Beliefs taken as true without requiring proof, often legally assumed facts until disproven.