Q1.everyone competes on price as no one is exploring how they are able to differently adding value to customer.
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Answer:
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Along with the price, one can think of product, place, promotion, after sales services etc.
Explanation:
- Customers are the king of a market.
- To increase the footprint of the customers, customer loyalty program should be implemented.
- If the one customer is coming to your brand since 10 years, he would be ready to give a little penny extra for your products.
- If extra benefits are given to the customers, they will be happy to buy it.
- After years of togetherness with the customers, they will be your brand ambassador.
- Along with the price, other factors should be kept in mind in order to make the just noticeable difference.
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