A cell phone Company XYZ conducted an online survey that showed that 75 percent of  customers put their number-one requirement for a new phone to be increased battery life.  Only 22 percent of customers listed color choices as a large concern. Company XYZ  currently offers 6 different color choices for its product and has a below-average battery  life compared to competition. What should Company XYZ do with these survey results? b. Company ABC recently conducted a survey that showed that 30 percent of customers will only shop there once and never use the company’s products again. What are some general ideas that can help increase customer loyalty? c. Company #alltheshoes would like to find out what, if anything, customers know about its new running shoe, FancyShoe. Design two survey questions to find out the following:  1) Are custome

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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a. A cell phone Company XYZ conducted an online survey that showed that 75 percent of 
customers put their number-one requirement for a new phone to be increased battery life. 
Only 22 percent of customers listed color choices as a large concern. Company XYZ 
currently offers 6 different color choices for its product and has a below-average battery 
life compared to competition. What should Company XYZ do with these survey results?


b. Company ABC recently conducted a survey that showed that 30 percent of customers will only shop there once and never use the company’s products again. What are some general ideas that can help increase customer loyalty?


c. Company #alltheshoes would like to find out what, if anything, customers know about its new running shoe, FancyShoe. Design two survey questions to find out the following: 
1) Are customers aware of the product? 2) What brand image do customers have of the
product?

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