How are goods and services produced in a command economy?

How are goods and services produced in a command economy?

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. In this case, the government will produce more military items and allocate much of its resources to do this.

How does a command economy satisfy the wants and needs of individuals?

In a command economy, a central planning committee decides on how best to satisfy the needs of individuals. A market economy satisfies the needs and wants of individuals by offering products that the consumers requests. List and explain four characteristics of a free enterprise economy.

What goods and service will be produced?

what goods and services will be produced, what wages will be paid to workers, what jobs the workers do, as well as the prices of goods. In a command economy, no one can start their own business. The government determines how and where the goods produced would be sold.

Do businesses need goods and services to produce other goods and services?

All businesses, both for-profit and nonprofit, need resources in order to operate. Simply put, resources are the inputs used to produce outputs (goods and/or services). Resources are also called factors of production.

What are the main factors of production of goods and services?

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

What goods and services are directly purchased by individuals?

Purely private goods are purchased and used by individuals and families. Another way of explaining a private good is to say that my use (or consumption, in economist language) excludes your ability to consume the same good.

What is an example of service?

For example, a restaurant provides a physical good (the food), but also provides services in the form of ambience, the setting and clearing of the table, etc. And although some utilities actually deliver physical goods — like water utilities that deliver water — utilities are usually treated as services.

What is an example of a service provider?

A service provider is an individual or entity that provides services to another party. Examples of potential service providers for a company are advisors, individual consultants, law firms, design shops and investment banks.

Why do we need service?

According to the dictionary, service is “an act of helpful activity’ help; aid: to do someone a service.” So why is service so important to our society? Personally, it gives me a sense of pride that I was able to enhance or even empower another individual, family, organization, etc.

Why customer service is so important?

Customer service is importance to your business because it’s retains customers and extracts more value from them. By providing top-notch customer service, businesses recoup customer acquisition costs and cultivate a loyal following that refers customers, serves as case studies, and provides testimonials and reviews.

What is the most important thing about customer service?

Your List of the Most Important Customer Service Skills (According to Data)

1. Persuasive Speaking Skills. Think of the most persuasive speaker in your organization.
2. Empathy.
3. Adaptability.
4. Ability to Use Positive Language.
5. Clear Communication Skills.
6. Self-Control.
7. Taking Responsibility.
8. Patience.

How do you talk to customer service?

This allows each member to maintain their unique voice without sounding like they’re talking from a script.

1. Think of tone on a spectrum.
2. Use positive language.
3. Be brief but not brusque.
4. Reply in a timely manner.
5. Always use your customer’s name.
6. Talk their talk.
7. Be careful with jokes.
8. Create a support style guide.

How do you talk to a real person?

Google: Call 1-855-836-3987, press the numbers for your product type, and wait. Hewlett-Packard: Call 1-800-474-6836 and keep pressing 0 (this takes a while). HTC: Call 1-866-449-8358, select your language, and you’ll be connected to be a live rep. Hulu: Call 1-877-485-8411 and wait for a representative to pick up.

How do you treat a customer service representative?

30 Customer Service Tips to Remember. Always.

1. Practice Empathy, Patience, and Consistency.
2. Understand that Good Customer Service is a Continuous Learning Process.
3. Ask Customers if They Understand.
4. Show Your Customers Your Work Ethic.
5. Don’t Be Afraid to Say “I Don’t Know”
6. You Have to Have Thick Skin.

What are customer service techniques?

Listen, summarize, and repeat Listening closely to a customer’s problem is an important customer service skill because it enables agents to summarize and repeat the customer’s problem. Doing so ensures that the customer feels their issue is understood.

What is good customer service examples?

What are some examples good customer service?

• The store owner who remembers — and appreciates — repeat customers.
• The online store that proactively addresses shipping issues.
• The associate who comes up with the perfect greeting.
• The employees who go out of their way to cheer up a shopper.

Is customer service an experience?

Customer service experience is the sentiment associated with a company’s ability to provide positive experiences to their customers. Services range from one-on-one interactions where a support agent resolves a customer issue, to exchanges with the brand on a more public scale.

What are the top 5 qualities that customer care officer must have to succeed?

Here’s where you should focus your efforts:

• Problem-Solving Skills. The number one skill you need to excel in customer service is problem-solving.
• Clear Communication.
• Friendly Attitude.
• Empathy.
• Business Acumen.
• Product/Service Knowledge.
• Strong Time Management.

What are the elements of good customer service?

Five Essential Customer Service Elements

• Respect. Respect the fact that customers actually pay our salaries and make our profits for us.
• Understanding. Understand, identify, and anticipate needs.
• Listening. Keep your ears—and eyes—open.
• Responding. Now you have to respond positively.
• Serving. Essentially this means fulfilling your promises.