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When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, ______ is created. - Commercial Studies

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Question

When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, ______ is created.

Options

  • Customer satisfaction

  • Planning excellence

  • A quality rift

  • A value line

MCQ
Fill in the Blanks

Solution

When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, Customer satisfaction is created.

Explanation:

Customer satisfaction is achieved when a product or service meets or exceeds the expectations of customers regarding quality, service, and pricing. Satisfied customers are more likely to return and recommend the product or service to others, leading to increased loyalty and positive business outcomes.

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Chapter 2: Marketing and Sales - EXERCISES [Page 23]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 2 Marketing and Sales
EXERCISES | Q 16. | Page 23
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