Asked by Bella Kriescher on Feb 18, 2024
Verified
Even though your business may not currently be profitable,investors will want to know how many customers you have,primarily because it will show the potential ______.
A) for customer satisfaction
B) to scale the business
C) marketability
D) revenue from that base
A) for customer satisfaction
B) to scale the business
C) marketability
D) revenue from that base
Revenue
The income gained from sales of goods or services.
- Understanding the customer base is crucial for assessing the potential for customer satisfaction.
- The number of customers can indicate the scalability of the business.
- Investors are interested in the marketability of the business, which can be inferred from the customer count.
Verified Answer
AC
Ariel Colden
Feb 18, 2024
Final Answer :
B
Explanation :
The number of customers is important in order to determine the potential for business growth and scalability. This information can be used to project future revenue and profitability. Customer satisfaction and marketability are also important, but not directly related to the potential for growth and profitability.
Learning Objectives
- Understanding the customer base is crucial for assessing the potential for customer satisfaction.
- The number of customers can indicate the scalability of the business.
- Investors are interested in the marketability of the business, which can be inferred from the customer count.
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