Which of the following statements concerning customer defection rates is incorrect?
A) Defection rates are determined by customer loyalty.
B) The longer a company holds on to a customer, the greater is the volume of customer-generated unit sales and the lower is the average cost of each sale.
C) Lowering customer defection rates allows a company to achieve a lower cost structure.
D) Research and development should address the issue of customer loyalty in product development.
E) There is a positive relationship between the length of time that a customer stays with the company and profit per customer.
Correct Answer:
Verified
Q42: Which of the following is not one
Q43: If a product is to be properly
Q44: A company's hiring strategy
A) directly affects employee
Q46: Quality can best be thought of as
A)
Q48: Traditional manufacturing
A) is no longer used.
B) requires
Q49: Learning effects
A) result in unit manufacturing costs
Q50: When a company successfully implements Six Sigma
Q51: Employee productivity is
A) a function of employee
Q52: The philosophy underlying TQM includes which of
Q59: _ refers to unit cost increases associated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents