Customer satisfaction is often found to be at the heart of firms’ marketing
activities (Machleit & Mantel, 2001), because it helps to ensure
that firms achieve their desired strategic results. A higher level of consumer
satisfaction is likely to increase customer loyalty, reduce price
elasticity, insulate current market share from competitors, lower transaction
costs, reduce the costs of failure and attracting new customers,
and help develop an organisation’s reputation in the marketplace
Customer satisfaction is often found to be at the heart of firms’ marketing
activities (Machleit & Mantel, 2001), because it helps to ensure
that firms achieve their desired strategic results. A higher level of consumer
satisfaction is likely to increase customer loyalty, reduce price
elasticity, insulate current market share from competitors, lower transaction
costs, reduce the costs of failure and attracting new customers,
and help develop an organisation’s reputation in the marketplace
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