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Scorpion4ik [409]
2 years ago
6

The price elasticity of demand measure is generally stated as an absolute value.

Business
1 answer:
mojhsa [17]2 years ago
5 0
What is the question?
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PLS HELP!!! What is the meaning of Customer Relationship Management (CRM)?
Alla [95]

Answer:

CRM means collecting information about the customer for the purpose of improving their future experience.

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance their satisfaction.

CRM means collecting information about the customer for the purpose of improving their future experience.

3 0
3 years ago
Read 2 more answers
The section of his business plan in which Jones sets forth the purpose of his cabinet-making business-its reason for existing-is
lorasvet [3.4K]

Answer:

The correct answer is letter "C": "Mission Statement".

Explanation:

A company's mission statement represents the objective that the firm must set. That objective must last and should be adaptable to the changes it could be exposed to. It clearly states the purpose of the company and why it exists and operates. The mission statement also identifies by whom the entity is formed and their respective functions.

4 0
3 years ago
The records of Pippins, Inc., included the following information: Net sales $ 1,000,000 Gross margin 475,000 Interest expense 50
Lelu [443]

Answer:

Times interest earned (TIE) = 7.4 times

Explanation:

The times interest earned (TIE) ratio is a measure used to analyze the company's ability to meet its debt obligations on the basis of its current income level. The TIE ratio is calculated as follows,

Times Interest Earned (TIE)  =  EBIT / Total Interest expense

Where,

  • EBIT is the earnings of the company before interest and tax

To calculate TIE, we first need to determine the EBIT. EBIT can be calculated by backward working. Thus, EBIT is:

EBIT = Net income + tax + interest expense

EBIT = 240000 + 80000 + 50000

EBIT = $370000

Times interest earned (TIE) = 370000 / 50000

Times interest earned (TIE) = 7.4 times

6 0
3 years ago
Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold
Liono4ka [1.6K]

Answer:

$759,000

Explanation:

Preparation of a schedule showing the amount at which the ovens should be recorded in Great Harvest’s Equipment account.

Purchase price 690,000

Add Freight costs 30,000

Add Electrical connection 4,000

Add Labor costs 32,800

Add Bread dough used in testing the oven 800

Add Safety Guards 1,400

Total cost of equipment $759,000

Therefore the amount at which the ovens should be recorded in Great Harvest’s Equipment account will be $759,000

8 0
3 years ago
In a reinforcement type of situation, program plans are initiated to preserve and develop customer or public support.
Paladinen [302]
The answer to the statement above is TRUE. Program plans in a reinforcement type of reinforcement usually aim in the preservation and development of support for the public. The purpose of reinforcement here is to maintain public confidence. What is done in reinforcement is that the established organizational policy are being reiterated for the preservation of the good of the public.
3 0
3 years ago
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