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The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.
<h3>What is meant by Business Forecasts?</h3>
Business forecasting is the process of predicting future market circumstances by analyzing historical data using business intelligence tools and forecasting techniques. Forecasting in business can be qualitative or quantitative. The process of predicting changes in a firm, such as sales, expenses, profits, and losses, is known as business forecasting.
Business forecasting aims to create better plans based on these knowledgeable projections, assisting in the prevention of probable failure or losses. The gathering, processing, compilation, dissemination, and analysis of economic data are the topics of applied statistics and applied economics. It has a close connection to econometrics and business statistics.
Hence, The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.
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Answer:
$16,700
Explanation:
The computation of net income is shown below:-
Total expense = Insurance + Maintenance + Utilities + Depreciation
= $8,000 + $800 + $1,800 + $4,000
= $14,600
Expense of rented unit = Total expense ÷ Units
= $14,600 ÷ 2
= $7,300
Here, we assume 2 units
Net income for reporting = Rental income - Expense of rented unit
= $24,000 - $7,300
= $16,700
Answer:
Loyalty Programs
Explanation:
Loyalty program - a set of marketing activities for the development of repeated sales to existing customers in the future, selling them additional goods and services, promoting corporate ideas and values, and other types of potentially profitable behavior. It is carried out mainly at the stage of maturity of the product life cycle.
A typical example of a company’s loyalty program is a discount card, with further purchases using a discount card, discounts can be provided, including on a funded system, and there may also be bonus and gift systems. In addition, upon receipt of such cards, as a rule, a questionnaire is filled out, which indicates the recipient’s contacts, which gives the organization the opportunity to notify the buyer of new and potentially interesting products and services.
For automated analysis of client behavior and management, CRM systems are used. With an in-depth analysis of data on purchases made by the client, it is possible to identify goods and services in which the client is potentially interested. For example, an online store, based on an analysis of customer purchases, may show an authorized user a list of recommendations - products that may interest him. In stores using RFID technology, it is planned to introduce similar services
