Exam 10: Transacting Value Pricing Concepts and Strategies : Establishing Value

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The communication gap pertains to the difference between the service promised and the service actually delivered.

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True

A chef at a restaurant will not be able to reproduce the same taste with the same dish every time regardless of whether he uses the same recipe and technique.The characteristic of service exemplified in the above example is:

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B

Customers' perceptions of how well a service meets or exceeds their expectations is referred to as:

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C

The difference between the firm's perceptions of customers' expectations and the service standards it sets is called the gap.

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The police department uses sentences that denote its commitment to work on its cars.This adds to its services.

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A beach resort provides a questionnaire to its customers when they are checking out of the resort that asks customers to rate the service based on different service quality dimensions.The resort will use their answers to check if the services have met customer expectations.This information will help the resort to:

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Why is perishability of services a challenge for marketers?

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The Clare Group of hotels is known for its impeccable service.How can the company ensure there is no variability in the quality of service across its hotels in different locations?

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An important way to control the communication gap for firms is by promising only what they can deliver.

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Skyline Aviation is unable to gain the trust of its customers because its ground operations staff is inefficient and discourteous when handling customer queries during service failures.The customers of this airlines are likely to rate it below the zone of tolerance in the dimension.

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Carsonrent, a local car rental company, has provided kiosks and online tracking of customers' car rental details.Using this system, customers are able to extend their rental period and drop off cars during non-office hours, which provides them with flexibility that other rental companies do not provide.Carsonrent is trying to close the delivery gap by:

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What is a voice-of-customer program?

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To deliver consistently high-quality service, firms should allow service quality goals to be general to accommodate various needs of consumers.

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Which of the following strategies will help a firm to reduce the standards gap?

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Medassure is a health-care service provider.How can Medassure add tangibility to its services?

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Firms can close the delivery gap by being more realistic about the services they can provide.

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The knowledge gap differs from the standards gap in that the standards gap pertains to the difference between:

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Which of the following is true regarding the communication gap?

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A local grocery store sets up an automatic billing counter for customers who buy fewer than five items so that they need not wait long to check out.This has made the billing process efficient and customers are very satisfied.This strategy reduces the gap in their services.

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Fresh Florists caters to different customers' needs based on the occasion and allows its employees to manage customers independently.They are allowed to make suggestions to customers regarding decorations and to make decisions that are in the best interest of the customers and the company.The approach used by Fresh Florists shows that it is trying to close the delivery gap by:

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