Quiz
Question 1
To attract new customers, you can offer special promotions or discounts.
Correction
This will encourage them to try your product or service.
Question 2
What is the danger of offering your product or service at a lower price than your competitors?
Correction
If you charge less than the cost of producing your product or service, you could find yourself making a loss.
Question 3
What is the most important reason cited by consumers for buying directly from farmers?
Correction
Quality is also a reason given by consumers for buying directly from retailers.
Question 4
Selling your products at a low price is not enough anymore.
Correction
You also have to give value for money. The customer should get more than the price they paid. You should give detailed information about how to use your product.
Question 5
Why do companies focus on maintaining relationships with their current customers?
Correction
Loyalty between customers and businesses can be much more valuable in the long run than attracting new customers.