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leonid [27]
3 years ago
5

Customer relationship management (crm) helps firms gain and maintain competitive advantage by:

Business
1 answer:
harina [27]3 years ago
3 0
<span>Customer relationship management (CRM) software is designed to help organizations increase customer loyalty, target their most profitable customers, and streamline customer communication processes. CRM helps firms gain and maintain a competitive advantage by: 1) segmenting markets based on demographic and behavioral characteristics. 2) tracking sales trends and advertising effectiveness by customer and market segment. 3) identifying which customers should be the focus of targeted marketing initiatives with predicted high customer response rates. 4) forecasting customer retention (and defection) rates and providing feedback as to why customers leave a company. 5) studying which goods and services are purchased together, leading to good ways to bundle them. 6) studying and predicting which Web characteristics are most attractive to customers and how the website might be improved.</span>
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Employees often work with managers to develop a(n) __________ that outlines the fundamental purposes of their organization.a. or
Levart [38]

Answer: (C) Mission statement

Explanation:

 Mission statement is one of the type of organization statement that is developed by the manager for the various types of fundamental purpose in an organization.

The primary objective of the mission statement in an organization is that it deals with the strategic planning by achieving long term goals.

According to the question, the employees worked with the manager in an organization for developing the mission statement that helps in outline the various types of fundamental process.    

 Therefore, Option (C) is correct.

4 0
3 years ago
Choose the correct statement. A. Income tax creates a deadweight loss in the markets for capital and labor. B. Income tax is a t
mixer [17]

Answer:

The correct answer is option A.

Explanation:

Income tax is a tax imposed by the government on the income earned by the individuals. This income can be from capital and labor. It creates a deadweight loss in the market for labor and capital.

Deadweight loss is the loss to economic efficiency and production caused by a tax. The imposition of a tax creates a tax wedge, this tax wedge leads to a deadweight loss. Deadweight loss due to income tax is the loss of purchasing power or reductions standard of living due to tax.  

The inefficiency or tax burden depends upon the elasticities of demand and supply. Whoever has the least elasticity will share most of the tax burden.

7 0
3 years ago
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called:
Novay_Z [31]

Answer:

organization expenses.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.

Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.

The costs of bringing a corporation into existence, including legal fees and promoter fees, are called organization expenses.

7 0
3 years ago
Which statement best explains how manufacturers contributed to the economic slow down that lead to the Great Depression
Alex_Xolod [135]
They were overproducing goods
7 0
3 years ago
Toyota has been working alongside us for years, but we just heard the bad news: they’re not renewing our electric vehicle (EV) c
klemol [59]

Answer:

The right approach is Option a (Bargaining power of suppliers).

Explanation:

  • The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
  • The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.

8 0
3 years ago
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