Examlex

Solved

Why Is It Important for a Small Business to Keep

question 50

Essay

Why is it important for a small business to keep existing customers satisfied? How can a company achieve such customer satisfaction?


Definitions:

Marginal Productivity

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Rocket Scientists

Highly specialized engineers and scientists who design and develop spacecraft and missile technologies.

Influenza Pandemic

A global outbreak of influenza, a highly infectious respiratory disease, affecting large populations across multiple continents simultaneously.

Marginal Product

The additional output resulting from one more unit of a certain input.

Related Questions