A local bank offers services that national banks offer, such as savings checking accounts, loans, CDs...
A local bank offers services that national banks offer, such as savings checking accounts, loans, CDs and safety deposit boxes. To attract customers, the bank differentiates itself through its friendly personal service, local involvement with the community, and fee-free ATMs around the region. Which pricing model would be the best choice for the local bank to choose?
Homework Answers
answer-
I believe that company already working on differentiation so the best pricing model which would help Local bank to gain more customers is low cost pricing or we can say competitive based pricing in which Local bank will charge lower price than the national or rival banks in the market.
This pricing will help Local bank to attract more customers because which customer does not like lower price and get high standard services.
Add Answer to:
A local bank offers services that national banks
offer, such as savings checking accounts, loans, CDs...
First State Bank offers a wide range of banking services, including checking accounts, certificates of deposit,...
First State Bank offers a wide range of banking services, including checking accounts, certificates of deposit, loans, credit cards, and safety deposit boxes. Bank managers know that customer satisfaction has a direct impact on the bank’s ability to retain customers and to persuade them to add accounts. Think of your experiences with your bank. What specific measures might bank managers monitor to gauge customer satisfaction and to link customer retention with account growth?
C++ Banks offer various types of accounts, such as savings, checking, certificate of deposits, and money...
C++
Banks offer various types of accounts, such as savings,
checking, certificate of deposits, and money market, to attract
customers as well as meet their specific needs. Two of the most
commonly used accounts are savings and checking. Each of these
accounts has various options. For example, you may have a savings
account that requires no minimum balance but has a lower interest
rate. Similarly, you may have a checking account that limits the
number of checks you may write....
What are the differentiating features of banks that target ethnic communities? (Bullet point answers please). United...
What are the differentiating features of banks that target ethnic communities? (Bullet point answers please). United Commercial Bank and El Banco17CASE 2.1 This telling of the story of two special banks originally was prepared by students in 2007 who were engaged by the notion of two banks that had developed separate strategies for serving two niche markets. As you first read the students’ story, ask yourself, what could have gone wrong with each bank? Also, as you read, keep a...
And there was a buy-sell arrangement which laid out the conditions under which either shareholder could...
And there was a buy-sell arrangement which laid out the
conditions under which either shareholder could buy out the other.
Paul knew that this offer would strengthen his financial
picture…but did he really want a partner?It was going to be a long
night.
read the case study above and answer this question
what would you do if you were Paul with regards to financing,
and why?
ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241 through 246). Question 2 Prepare a plan for the remainder of the project in response to Adams’ memo (lines 241 through 246). Your answers to the above will be assessed in terms of the level of communication displayed, the insights and inferences drawn, and your ability to...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
C++
Banks offer various types of accounts, such as savings,
checking, certificate of deposits, and money market, to attract
customers as well as meet their specific needs. Two of the most
commonly used accounts are savings and checking. Each of these
accounts has various options. For example, you may have a savings
account that requires no minimum balance but has a lower interest
rate. Similarly, you may have a checking account that limits the
number of checks you may write....
And there was a buy-sell arrangement which laid out the
conditions under which either shareholder could buy out the other.
Paul knew that this offer would strengthen his financial
picture…but did he really want a partner?It was going to be a long
night.
read the case study above and answer this question
what would you do if you were Paul with regards to financing,
and why?
ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Most questions answered within 3 hours.
-
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 27 minutes ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 25 minutes ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 26 minutes ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 45 minutes ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 1 hour ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 52 minutes ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 57 minutes ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 1 hour ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 58 minutes ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 1 hour ago -
Buying your in-laws a gift because it’s expected is
due to the ____________ motive of gift-giving....
asked 1 hour ago -
Calculate the expected value, the variance, and the standard
deviation of the given random variable X....
asked 1 hour ago