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Assignment example - How effective are samsung and apple attracting customers
Pages 9 (2259 words)
Attracting new customers is a vital task for an organization. The process of attracting new customers is complex and at the same time also consumes huge amount of resources. In this study, the effectiveness of Samsung and Apple’s customer attracting strategy has been evaluated. …
Extract of sample
In this age of cutthroat competition, a business greatly relies on its existing customers to sustain and survive. The purpose of a business is to fulfill the demands of consumers and in turn, the customers make it possible for the business houses to achieve its aims and objectives. Customers are therefore adjudged as the most important stakeholders of a business. A business does not operate in the vacuum and therefore it is impossible for an organization to function without having any customer. Hence, it is obvious that customers are the resources upon which the sustainability and success of a firm depend on. A number of scholars have argued that to acquire and maintain a competitive edge over the rivals, organizations should try developing long term relationship with the existing customers. However, the same line it is also imperative that a company should attract new customers to increase the volume of business. Thus, the existing customers are the backbone of a company and the new customers take the company forward and help in achieving new heights ...
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