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That's insanity. The biggest, best companies I know of still offer incredible customer support. That's what keeps them going & growing!
Right?! Those are my thoughts exactly.
I think this is on the money tbh. If you have no competition, you have no reason to win over your customers. They're simply reliant on you. I think internet providers are a good example of this since there is often only one provider in a given neighborhood.
What? Ummm no way! Customers rely on you and someone else will then open a company just like yours and you will no longer be a monopoly.
So you're saying that companies will continue to provide good customer service when they're a monopoly so that they can get new competitors? Not sure I'm following this logic..
I mean, take a look at Amazon or Apple. They really do go out of their way to provide the best customer service.