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Question

Customer Interaction Management and Revenue

Aim and Objectives

The aim of this research is to examine the main influences of Foreign Direct Investment (FDI) inflow in Nigeria and to understand whether or not the exchange rate regime which started in 1985 and the subsequent fluctuations on the exchange rate pattern from 1985 to 2010 has had a noticeable impact on Foreign Direct Investment (FDI) inflow in Nigeria.This study reveals the effects of exchange rates which rank high on the various macroeconomic factors that MultiNational Enterprise (MNE) consider when making Foreign Direct Investments decision and connects it to the general impact FDI inflows have had so far on the economy of Nigeria.The research questions underpinning the studies in this subject area which includes:

 · Do FDI inflows impact on the Nigeria’s economy?

·What are the topmost sways that have affected the influx of FDI in Nigeria apart from exchange rate fluctuations?

·   Have there been direct impacts on the FDI inflow pattern that can be attributed to the exchange rate regime and fluctuations in the country?

· To what level have exchange rate fluctuations impacted on FDI inflows in the country?

· What policies can the Government use to cushion the effects of exchange rate volatility to boost FDI inflow in the country?

Reframed as research objectives, the required outcomes of the study are to:

 · Establish the major influences affecting FDI inflows in Nigeria

· Unravel the empirical relationship between the exchange rate volatility and FDI nexus on Nigeria

· Ascertain whether the exchange rate regime in the last 25years from when SAP was introduced in Nigeria have had a discernible effect on the country’s FDI inflow.

· Offer recommendations based on findings on how the Government can achieve economic growth by maintaining high levels of FDI through a stable exchange rate system.The achievement of these objectives will give answers to the research questions.

 

Expert Solution

Customers are essential to the company's survival, and there are several reasons for this. The product may be unrivalled, and the company's supply chain may be efficient and productive; yet, without ready clients to consume the goods, the output may go to waste. This was the case in 2020, when pandemic-related flying restrictions impacted the supply chain. As a result, the production was unable to reach customers. As a result, perishable items were lost, as well as revenue. The only commodities that remained safe and sound were those that could be stored. As a result, many businesses should prioritize connecting with customers, and the better the customer communication paradigm, the better the firm's performance. The establishment of this metric poses a significant difficulty in modern trade. This is due to the fact that the customer relationship management framework has two extremes. The first is the human touch, which enlists the help of communication experts to create practical models for closing sales and producing money. On the opposite end of the spectrum, there is a knowledge of the customer relationship management framework's overall technological utilization. Chatbots have a full conversation with the consumer and use that knowledge to nurture the relationship and raise the customer's lifetime value. Because both extremes have obvious benefits and drawbacks, determining the right ratio will effectively maximize business output. In addition, there are five reasons why customer contacts are critical. The first is to assure customer happiness by understanding client touchpoints in order to provide meaningful, memorable experiences while also maintaining business culture. Customer interactions might be used to create effective models that could be further trained to improve the level of customer experience for new customers. Engage customers and solicit suggestions for improving the company. When there is a conflict between the organization and the consumer, there is also a higher rate of customer issue resolution. Customer interaction is also important for personnel training and data collection for improving operational procedures.

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