07 Outline one way a bank satisfies customer 'wants', not just the 'need' for a safe place for money.

[Sir Afzal Shad]

07 Outline one way a bank satisfies customer 'wants', not just the 'need' for a safe place for money.
Hint: KN: Offers convenient services > APP: Mobile banking app from HBL or Barclays > AN: Saves customer time.

Possible Structure - 3 Marker
[KN] >> [APP] >> [AN]

[hassanalizafar]

[KN] A bank can satisfy customer wants by offering convenient services.
[AAP] For example, HBL or Barclays provide mobile banking apps that let customers transfer money and pay bills instantly.
[AN]This gives greater flexibility, time savings, and ease of access.As a result customers enjoy a smoother experience, which increases loyalty to the bank.

[shamaim shakeel]

[KN] A bank can satisfy customer wants by offering different services.
[AAP] For example, they can introduce mobile banking apps to allow quick repayments. This gives customers more convenience, faster transactions, and time savings.
[AN+] As a result, customers find banking easier, which improves their overall satisfaction and loyalty to the bank.

[Muaz Aamir]

KN: A bank can satisfy wants by offering premium services.

AP: For example, providing gold or platinum cards.

AN: This gives customers higher status and more benefits.

AN+: As a result, customers feel valued, are more likely to stay loyal, and the bank can earn extra revenue from fees.

[Abdullah Mohsin]

[KN] By providing convenient services to customers.
[APP] A bank can introduce a mobile banking app which would allow quick payments of bills and a checkup of customers account balance from the comfort of their homes, helping save a trip to a bank branch just to pay an electricity bill.
[AN] This satisfies customers as they find banking easier, which would increase their loyalty to the bank.

[Uqbah hadeed kayani]

[Kn] a bank may offer convenient services to there customers [app] such as an online banking system so one doesnt have to go to the bank everytime to pay bills [an] this saves the consumers time aswell as his effort in going to the bank furthermore it makes more consumers want to change banks just for that specific feature

[Aarib Saad]

(KN)By offering additional services that are not necessarily needed by the customer when creating an account in the bank or depositing money into the bank.
(APP)For instance, many banks offer gold or premium credit cards with additional benefits, such as: a higher bank overdraft limit.
(AN)Which in turn allows the banks to entice customers into to buying those cards if they want to benefit more from the bank's services, leading to an increase in sales revenue generated by the business, which in turn will allow it to advertise or open new branches, increasing business reach and thus boosting business market prsence, meaning higher competitiveness.

[Shaliza khawaja]

(KN)Banks can meet customer wants by offering services that improve lifestyle and convenience, not just security for money.
(KN) For instance, a bank may provide credit cards with reward points or cashback offers.
(AN)This encourages customers to spend more using the bank’s services, giving them added value. As a result, customers become more loyal to the bank, while the bank benefits from increased transactions and higher revenue.

[Abdul Hadi]

KN: Banks can meet customer wants by offering services and offers that improves lifestyle and convenience, not just provide security for money.
APP: for example a bank like HBL can offer discounts on online purchases or offer premium quality bank cards which makes the customer stand out.
AN: such services attracts the customers as the bank is not only fulfilling their need for security of money but also making them stand out due to their premium cards. This allows the bank to attract more customers, increasing its income and charge higher service fees adding to its profit.

[Mahnoor satti]

[KN] It could fulfil customers need by giving additional services.
[APP] For instance, the bank can start to provide gold or platinum cards. This will result in customer buying it even with high price because it will give them social status or more benefits(discounts).
[AN] This will increase the banks sales leading to more profit that can be reinvested

[Fatima ibtehaj]

[KN]A bank can do this by offering mobile banking services with features like instant transfers.
[APP]These features go beyond the basic function of holding money they provide convenience, control giving customers a good experience.
[AN]This can help customers to manage their finances easier as they wont have to go to the bank physically hence increasing reliability and efficiency and developing brand image for that bank.

[Fatima ibtehaj]

[KN]A bank can do this by offering mobile banking services with features like instant transfers.
[APP]These features go beyond the basic function of holding money they provide convenience, control giving customers a good experience.
[AN]This can help customers to manage their finances easier as they wont have to go to the bank physically hence increasing reliability and efficiency and developing brand image for that bank.

[areeshasaber]

[kn] One way a bank satisfies customer wants is by offering online and mobile banking apps.
[app] For instance, Barclays Premier Account, which satisfies wants beyond the basic need of keeping money safe.
[an+] Services like online and mobile banking saves customers time, leading to higher customer loyalty, and enhancing brand image.

[Abdullah Altaf]

[KN] Banks can satisfy customer wants by offering convenient services.
[APP] Providing online banking allows customers to easily transfer funds, boosting satisfaction.
[AN] This enhanced convenience leads to increased customer loyalty, resulting in referrals and higher sales/market share.

[Mamoona Hussain]

KN: One of the ways banks satisfy customer wants are by offering online and mobile banking services.
APP: For instance, the customer can pay bills, transfer funds and check balances without visiting a branch each time.
AN: This allows customer convenience and flexibility when managing money which save a lot of time due to which customer satisfaction is achieved and this loyalty is gained which leads to a better brand image of the bank, as they would want to stay in touch with a bank that allows easy access.