Topic 2: Customer segments + service delivery expectations Flashcards

1
Q

What is a customer persona?

A

A semi-fictional depiction of the key characteristics of a selected target segment

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2
Q

What is a need?

A

Needs are those things without which we would not survive

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3
Q

What is a want?

A

Wants are not necessarily essential items, but those that satisfy the ego

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4
Q

What feature most strongly distinguishes Islamic (Sharia) banking from western-style banking?

A

The prohibition of interest (i.e. making money out of money).

This is based on the prohibition of riba, which literally translated means ‘excess’.

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