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Satisfying customer needsSatisfying customer needs

Market research, product development, marketing and producing quality products can ensure that a customer is satisfied with the good or service provided by a business.

Part of BusinessBusiness in action

Satisfying customer needs

Satisfied customers
Image caption,
Satisfied customers will continue to use a business and contribute to its profits

One of the main aims of a business is to satisfy customer needs. There are many reasons why businesses need to ensure that their customers are satisfied:

  • To sustain or maximise sales or profit 鈥 If customers are satisfied they are more likely to spend money and recommend that company to other people. This will increase customer numbers.
  • To retain customers 鈥 If customers are unhappy with a product or service they will not return.
  • To maintain or improve 鈥 Customers who receive a good quality service will be more likely to purchase goods from that business rather than from a competing businesses.
  • To improve reputation 鈥 If customers receive a good product or service they are likely to encourage others to become customers.
  • To reduce the risk of failure 鈥 If customers are satisfied it is less likely that the business will fail.