Lesson 2 (Customers) Flashcards

1
Q

a person or business that buys something from a third party. They generate revenue

A

Customers

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2
Q

use or use up the goods and service they purchases.

A

Consumer

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3
Q

The economic buyers who buys goods and services

A

Customers

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4
Q

who is not considered a customer?

A

Clients

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5
Q

are the people that pay for and use the products your company offers

A

External Customers

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6
Q

are customers who have a relationship with or within your company through employment or partners who deliver products to end users

A

Internal Customers

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7
Q

Types of Customers

A
  • Loyal Customers
  • Discount Customers
  • Impulsive Customers
  • Need Based Customers
  • Wandering Customers
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8
Q

These customers revisit the organization over time, less in numbers but promote more sales.

A

Loyal Customers

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9
Q

Are also frequent visitors but are only a part when offered discounts

A

Discount Customers

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10
Q

these customers are hard to convince as they don’t have any specific item into their product list

A

Impulsive Customer

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11
Q

These customers are product specific and tend to buy items only to which they are habitual

A

Need-Based Customers

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12
Q

These are the least profitable customers, they investigate features of most prominent products in the market

A

Wandering Customer

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13
Q

is a range of software and hardware solutions

A

Service technology

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14
Q

4 ways to meet customer needs

A

Identify
Distribute
Create
Collect

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