<u>Answer:</u>
Conveyor belts
<u>Explanation:</u>
The hallmark of assembly lines in Henry Ford's time was a conveyor belt. His theory was how fast the products move in a given time and how quick can the products be manufactured in a industry.
The conveyor belt is a ramp where the products are kept and with the help of workers placed on a given spot who keep assembling the required part on the products as the belt keep moving and the same action is repeated again and again.
Answer:
Marginal utility is the change in total utility obtained by consuming one more unit of a good.
Explanation:
Marginal utility quantifies the added satisfaction that a consumer garners from consuming additional units of goods or services. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.
Answer:
A credit to Deferred subscription revenue for $15,000
Explanation:
Complete Question: Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to ________.
A) reduce the rate of customer defection
B) make low-profit customers more profitable
C) enhance the growth potential for each customer through cross-selling
D) increase the longevity of the customer relationship
E) focus disproportionate effort on high-value customers
Answer:
B) make low-profit customers more profitable
Explanation:
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to make low profit customers more profitable.
The basic logic behind this strategy is that when customers find something coming free, then they start taking it for granted, they don't pay much attention to it, therefore, when the some services are free, customers will not be spending much on them, like upgrading, monthly plan up-gradations, monthly or annual subscriptions. Consequently, to turn the those customers into highly valuable customers, companies charge for the services which were free of cost in the past.