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VladimirAG [237]
1 year ago
15

What problems might face a company that focuses mainly on its most profitable customers?

Business
1 answer:
Murrr4er [49]1 year ago
3 0

Although the customer is unquestionably the cornerstone to a successful organization, client centricity has several drawbacks, ranging from financial to innovation-related areas.

The drawabacks can be listed as:

  • <u>Budget-Cost</u>

Businesses create customer-focused policies in an effort to impress and keep consumers, but doing so can be expensive and may not be financially prudent.

  • <u>Not every customer is equivalent!</u>

Although the customer is always right, not all customers are suitable for your company. So, building just a customer based approach can harm your business.

  • <u>Customers are unsure too!</u>

Many marketers feel that if a company is consumer-focused, it will learn what the clientele truly desires and prosper.

While it's crucial for businesses to pay attention to their customers, they also need to know when to shift their attention away from them.

  • <u>Love the Customer, but Don't Expect Love in Return</u>

According to conventional knowledge, clients are more loyal to companies that go above and beyond their expectations; nonetheless, your customers may betray you in order to get the cheap, satisfying solutions they actually desire.

To know more about the topic, refer to:

brainly.com/question/20935329

#SPJ4

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Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays annual compound interest, and you do not wit
Alekssandra [29.7K]

Answer:

After 44year at interest rate of 6%

You will have $12,985.5 in your account

Explanation

Step one

Applying the compound interest formula we have A = P (1 + r/n)^nt

A = Final amount

r= nominal annual interest rate in percentage terms,

and n = number of compounding period

Where P = Principal

t= time in years

Given p=$1,000

n=44

r=6%

Step two

Inserting our given information

A=$1000 [(1 + 0.06/1)^44*1]

A=$1000 [(1.06)^44*1]

A=$1000*12.9854819127

A=$12,985.5

3 0
3 years ago
Read 2 more answers
Louis, an employee at Yoko Inc., had been notified of his termination from the company without sufficient justification. During
xxMikexx [17]

Answer: Explanation

Explanation:

  According to the given question, the explanation is one of the type of determinant of the interactional justice that the Louis not received from his manager as Louis is one of an employee at the Yoko Inc., and without any sufficient explanation he receive a notification for termination.

 The explanation is one of the type of interactional justice determinant that emphasizing the main aspects of the given decision and justify the reasons for their specific decisions.

 The interactional justice is one of the type of concept that helps in explain the positive workplace or environment and it is the main responsibility of the manager to make the effective decisions with justified explanation.  

   Therefore, Explanation is the correct answer.

4 0
3 years ago
Product Pricing: Single Product Presented is the 2017 contribution income statement of Grafton Products. GRAFTON PRODUCTS Contri
hodyreva [135]

Answer:

a)647,000

b)658,000 yes as increase net income

c) 2,480,000

Explanation:

a) current net income :                                               842,000

less 13,000 x 12 increce in variable manufacturing  (156,000)

less increase in fixed MO                                        <u>     (39,000)  </u>

                                                                                      647,000

b)

Sales        3,200,000    (16,000 x 200)

Variable   <u> (1,408,000)</u>  988,000x16,000/13,000 + 156,000

Contribution  1,792,000

Fixed MO (819,000)  

Fixed S&A<u> (315,000)   </u>

Net Income 658,000

c)

\frac{Fixed\:Cost + Target \: Profit}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

1,792,000 / 3,200,000 = 0.56

\frac{1,134,000 + 254,800}{0.56} = Break\: Even\: Point_{dollars}

4 0
3 years ago
g Your savings account earns 1.72% interest. You have $3,000 left over from an internship that you will put into the saving acco
bekas [8.4K]

Answer:

It will take 13 years and 66 days

Explanation:

Giving the following information:

Your savings account earns 1.72% interest.

Present value= $3,000

Final value= $3,756

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(3,756/3,000) / ln(1.0172)

n= 13.18 years

To be more specific= 365*0.18= 66

It will take 13 years and 66 days

4 0
3 years ago
What size hammer makes a good jig for finding the height of an outlet box?
V125BC [204]

The apt size of a hammer that can be used a s a jigsaw would be

16oz.

Explanation:

To see the size of hammer that would be necessary we must understand the size of the outlet box and how it would require the jig to be.

The average height of an outlet box is usually 12 inches from the floor and it is then attached to a secondary box above it which is 16 inches

So, to lift this piece by the jig we can see that the standard sized hammer of 16 ounces would be apt and would do the job completely well.

So this is the one that must be used.

3 0
3 years ago
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