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How did you handle the recent financial crisis with customers?

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Question added by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
Date Posted: 2014/03/20
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

by affordable prices,effective communication and by giving best quality at suitable prices otherwise you already defines it very well..Thanks for the invitation

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

By giving priorities to Customer retention measures by adopting appropriate strategies.  Agree with answers given by :  Mr. Divyesh Patel.

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

The recent global finance crisis felt throughout the world has had an impact on the spending patterns of consumers as well as businesses.

 

  1. Getting in touch with regular customers with offers or pitches

  2. Updating your marketing plan

  3. Have specials

  4. Introduce cheaper products

 

zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

FULLY AGREED WITH PATEL,,,,,,,, I TRUST HIM AS BEST MONEY MATTERS HANDLER ,,,

Ihab Merhi
by Ihab Merhi , Director of Finance and Administration , IBH Levant and Africa SAL
Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

With the tool of marketing and sales "Special Promotions"

Deleted user
by Deleted user

I agree with your analysis

Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

Answer:

1.Extending credit with a proper due diligence.

2.Removing high interest paying loans.

3.Slow down the low profit yielding units or shutting down such units.

4.Review on manpower and reduce the unwanted staff.

5.Keep inventories on very marginal.

 

Regards,

Joshi Mathew

CIA #1036906

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

I agree with Divyesh

Deleted user
by Deleted user

Agreed to all

Mohd Mustaqeem
by Mohd Mustaqeem , Executive Secretary , SAUDI PAN KINGDOM CO

Agree with sara naeem

 

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