Government Jobs Interview Questions




Which is more important – value of the customer or value to the customer?
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said this on 06 Jan 2010 10:35:46 PM IST
since in todays world where customers are considered as king, both is important i.e. value of the customer and value to the customer. every company are striving to give high value product to their customer to increase their market share and profitability. along with this they are also trying to make feel customer more delighted and try to maintain good relationship with them. as most of the survey shows that 1% retention of the loyal customers can lead to 50% increase in new customers.
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said this on 26 Jan 2010 11:01:56 PM IST
nice topic bt lack of good answers
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said this on 06 Feb 2010 10:00:27 PM IST
it is very difficult to take a stand of any one of the following as both are important for running a successful business. Value to the customers ensures good quality and that is the ultimate for any product to survive in the market. Unless customers are satisfied with their value for money they'll not opt for a long term relationship. again long term relation with a customer is equally important as 5 % customer retention can equal to sales generated by 70-80% new customers. it also reduces operational cost, costs of acquiring new sales... but still in certain cases value of the customer is more important. as for example in a service industry because of its heterogeneous nature it is not always possible to maintain a standard quality but because of good customer relation certain exceptions can be overlooked.
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said this on 26 Feb 2010 8:02:03 AM IST
hello
according to me value to customer is more important and value of customer comes automatically when you pay a value to customer .in todays market customer is the king and companies too are making product according to the taste of customer that simply means dey are paying value to the customers and dereby increasing the value of customer
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said this on 02 Mar 2010 11:41:06 PM IST
according to me value to customer is more important..in todays market customer is more important for the company.according to the taste of customer company manufactures the product that simply means they are paying value to the customers. and this increasing the value of customer
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said this on 09 Mar 2010 12:55:55 PM IST
customer is the king of 2days market so value to the customer is more important. if the organisation is able to provide good quality product and services to their customer obsly it wii increase the value of their customer. in otherwords both these concepts are mutually depending.
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