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Proper Service Recovery Can Be Accomplished by Making It Easy

question 29

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Proper service recovery can be accomplished by making it easy for customers to give feedback, enabling effective service recovery, and establishing appropriate compensation levels.


Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another currency.

Depreciate

To decrease in financial value over time, particularly in reference to assets like vehicles or machinery.

Supply

The total amount of a specific good or service available for purchase at any given price in a market.

Carry Trade

A financial strategy that involves borrowing at a low-interest rate and investing in an asset that provides a higher return.

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