If an entrepreneur checks repeat purchase and complaint rate to measure customer satisfaction, what is being done?
Answer and explanation
Correct answer: Measurement of customer experience
Repeat purchase and complaint rate are signs of customer experience. In exams, identify measurable indicators.
Frequently asked questions
What is the correct answer to this question?
Measurement of customer experience
Why is this the correct answer?
Repeat purchase and complaint rate are signs of customer experience. In exams, identify measurable indicators.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.