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2 years ago

Customer retention is measured as the percentage of customers who return for more service. true false

1 answer:

8 0

Your answer is true! The root of the word "retention" is retain, so basically customer retention means retaining customers, which also means having them return. Hope I helped!

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Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad

Goryan [66]

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.

4 0

3 years ago

What is the interest rate on a three-year investment with a future value of $1000 and a present value of $863.84?

Nimfa-mama [501]

Use
$F=P(1+i)^n$

Substituting
F=1000, P=863.84, n=3
solve for i
$1000=863.84^(1+i)^3$
solving for i
=>
$i=(\frac{1000}{863.84})^{\frac{1}{3}}-1$
=0.0500

Answer: the annual interest rate is 5%

3 0

3 years ago

Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont

Snowcat [4.5K]

Answer:

The total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Explanation:

Hi, in order to find the total amount that Rahul will owe the bank in 3 months, we need to use the following formula (this is for a compounded daily rate).

$FutureValue=PresentValue(1+\frac{r}{365} )^{\frac{n*365}{12} }$

Where:

r = compounded rate (in our case, 10% compounded daily)

n = time in months of the loan

PresentValue = $18,000

Everything should look like this.

$FutureValue=18,000(1+\frac{0.10}{365} )^{\frac{3*365}{12} }$

$FutureValue=18,000(1+0.000273973 )^{91.25 }=18,455.61$

So, the total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Best of luck

5 0

3 years ago

"A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person in

34kurt

Answer:

The correct word for the blank space is: Ordinal.

Explanation:

Ordinal data is one of the four (4) types of measurement scales that values in order of importance the rating that can be provided over a subject. However, the difference between each of the rates is not clear. Usually, this approach aims to measure <em>comfort, experience </em>or <em>satisfaction</em>.

4 0

3 years ago

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Bal

AURORKA [14]

Answer:

The proforma income statement and balance sheet are found in the attached

Above all,additional financing of $1982 is required to finance the growth of 20%

Explanation:

The additional finance is necessary as the assets required for the additional growth of 20% is worth $27900 while debt plus equity(including the added profit of $1318) only gives $25918,there resulting in shortfall in finance of $1982.

Also, a different source of finance other than debt can be used depending the interest applicable since the amount involved is minute.

Download xlsx

6 0

3 years ago