The Most Obvious Reason for Increased Importance for High-Quality Customer

question 83

Multiple Choice

The most obvious reason for increased importance for high-quality customer service is ____.

• A)greater competition
• B)a more diverse customer base
• C)stricter government rules
• D)greater cultural diversity

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Definitions:

Firms Leaving

The process of companies exiting a market or industry, often due to unprofitability or strategic realignment.

Technique Of Production

The specific methods, tools, and processes used in the production of goods and services.

Production Technology

Production technology encompasses the methods, equipment, and processes used to produce goods and services, focusing on increasing efficiency and reducing production costs.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing and able to supply at that price.