EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 5, Problem 5DQ
Summary Introduction

Interpretation:An explicit service guarantee for a fast food restaurant is to be framed along with its features and its adaptability.

Concept Introduction:An explicit service guarantee is a promise that is made in writing that will be included in their advertisements and publications.

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Propose an explicit service guarantee for a fast-food restaurant. Clearly explain why you included the features of your service guarantee (maximum of one page). Do you think that a restaurant would adopt it? Why or why not?
When the value of a loyal customer (VLC) market segment is high, should these customers be given premium goods and services for premium prices? If the VLC is low, should they be given less service? Explain.
What are the benefits and drawbacks of offering a guarantee on the quality of the service?
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