Question posted by eunice1357 on February 16th, 2014
Don't You Think Abercombie And Fitch Will Loose A Lot Of Sales Because Of Their
Don't you think that every business person should cater for customers different needs?
Current Answers
Answer #1: Posted by Odin on February 22nd, 2014 7:00 PM
"Don't you think that every business person should cater for customers different needs?" My response is that (assuming that all choices are legal) businesses in an economy like ours conduct their operations on the basis of what they perceive will maximize profits. Every accommodation to customers has both a benefit and a cost. The benefit is the good will resulting, that may increase patronage. The cost is the additional financial burden of the accommodation. The business determines its actions according to whether the benefit or the cost will be greater.
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