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A survey of thousand customers revealed the following in respect of the buying habits of different grades?
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A survey of thousand customers revealed the following in respect of th...
Buying Habits of Different Grades

The survey of thousand customers revealed the following in respect of the buying habits of different grades:

Grade A:

  • Grade A customers prefer high-end products that are expensive.

  • They are willing to pay a premium for quality products.

  • They are usually early adopters of new products.

  • They are brand loyal and prefer to stick to the same brand for years.

  • They are willing to spend time researching products before making a purchase.



Grade B:

  • Grade B customers are value-conscious and prefer to get the best deal for their money.

  • They are willing to compromise on quality for a lower price.

  • They are often influenced by sales and promotions.

  • They are more likely to switch brands if they find a better deal.

  • They are less likely to spend time researching products before making a purchase.



Grade C:

  • Grade C customers are budget-conscious and prefer to buy the cheapest product available.

  • They are willing to sacrifice quality for a lower price.

  • They are heavily influenced by sales and promotions.

  • They are not brand loyal and will switch brands frequently.

  • They are unlikely to spend time researching products before making a purchase.



Conclusion:

Different grades of customers have different buying habits. Grade A customers prefer high-end products and are brand loyal, while Grade B customers are value-conscious and are more likely to switch brands for a better deal. Grade C customers are budget-conscious and are not brand loyal, and are more likely to compromise on quality for a lower price. Understanding the buying habits of different grades of customers can help businesses target their marketing efforts more effectively.
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35. The Profit & Loss Account of M/s Pyare Lal Girdhari Lal disclosed a net profit of 36,000 for the year ended 31st March, 2019. After that the following errors were detected :- 1. 1,500 received from a customer in respect of a debt previously written off has been credited to his personal account. 2. Goods costing 5,000 were sent on Sales or return for 7,000. This was recorded as actual sales, though no information was received from the Customer. 3. 850 paid as rent of the office were debited to Landlord A/c and were included in the list of the Debtors. ​4. A cheque of ₹3600 received from a customer was deposited by the proprietor in his personal a/ c .5. Insurance of ₹1200 was paid for the year commencing 1 st October, 2018.6. A sale of ₹2200 has been posted through the purchase day book .7. A cheque of ₹6000 received from Vinod & Co. was dishonoured and was debited to Discount a/ c .Prepare necessary adjusting entries in journal, and prepare a profit and loss adjustment account?

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A survey of thousand customers revealed the following in respect of the buying habits of different grades?
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A survey of thousand customers revealed the following in respect of the buying habits of different grades? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A survey of thousand customers revealed the following in respect of the buying habits of different grades? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A survey of thousand customers revealed the following in respect of the buying habits of different grades?.
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