1.2.1 customer needs Flashcards
Definition: Customers’ needs
In business terms a need is a problem which
customers could solve with the purchase of a
product or service
Customer needs - price
Customers need a product or
service that is the right price
Customer needs - quality
Customers need products that are of a satisfactory quality
Does quality matter?
Ensuring quality means making sure that products are made
to a minimum standard or better. Good customer service is
valuable and can lead to increased sales.
product range
Not every customer wants the same product or service, so businesses
may produce a range e.g. car models for different customer needs
saving time and
money
Customer convenience means
saving the customer time and
effort in some way
Customer needs - convenience
Time saving e.g. microwave
Portability e.g. easy to carry
round like a mobile phone
Usability e.g. online ordering
Generating sales
A business needs to generate sales to survive
It can do this through:
Lowering the price
Promoting the product through advertising
Business survival
If a business does not identify and
satisfy customer needs it will not
survive.