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3 years ago

Companies that successfully implement customer relationship management tend to

1 answer:

3 0

Companies that successfully implement customer relationship management tend to <span>customize the goods and services offered to their customers.
These companies have a good relationship with the consumers and they often interact with them in order to know what their customers are interested in and what they want to buy. This way, the company can change its products if needed so as to appeal to their customers more.
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What concept implies that a firm's marginal revenue product curve for labor will slope downward in the short run?

leva [86]

<span>Law of Diminishing Marginal Returns (LDMR). As in Economic theory, there will be fixed and variable factors of production in the short run. This would imply that beyond a certain level of production, the next unit of variable factor added to the production would result in a lower output as compared to the previous unit of variable input that was added to the production. This is ultimately due to the over usage of the fixed factors of production (such as machinery and infrastructure) and resulting in a less "efficient" amount of output due to the physical operating limits of fixed factors of production. As such in the short run, MR will slope downward if the firm is producing beyond its most efficient point of production to ensure more products can be produced given a limited amount of time.</span>

4 0

3 years ago

Shared development of innovations among several departments is emphasized by the _____ approach to innovation

laila [671]

Answer:

horizontal linkage

Explanation:

In a value chain horizontal linkages involve cooperation among different departments aimed at building interdependence, trust, and resource pooling in order to achieve a set goal.

It is made up of relationships between people or department that are equal in an organisation.

Shared development innovations are more easily implemented by using the horizontal linkage model. Participants are more willing to express themselves freely and work collaboratively to achieve set goals.

4 0

3 years ago

Which statements are true according to the law of supply?

asambeis [7]

Increase in price leads to a decrease in supply.

5 0

4 years ago

Read 2 more answers

Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producin

satela [25.4K]

Answer:

$110,000

Explanation:

Profit = Total revenue - Total cost

Total revenue = $2,750,000

Total cost = cost of purchase + interest + wages + taxes

= $1,800,000+$200,000+ 550,000 + 90,000 = $2,640,000

Profit = $2,750,000 - $2,640,000 = $110,000

I hope my answer helps you

4 0

4 years ago

The following balances were taken from the books of Crane Corp. on December 31, 2020. Interest revenue $87,000 Accumulated depre

Lostsunrise [7]

Answer:

Net Income 212,800

EPS: 2.128=2.13

Explanation:

The Interst and earthquake are not resutl from the main activity of the business so are calcualted as non-operating and losses.

Sales revenue 1,381,000

Sales discounts (46,000)

Sales returns and allowances (151,000)

Net Sales 1,184,000

Cost of goods sold (622,000)

Gross Profit 562,000

Selling expenses (195,000)

Administrative

and general expenses (98,000)

Operating Income 269,000

Non Operating Income

Interest revenue 87,000

Interest expense 61,000

Loss from

earthquake damage (151,000)

Net Non-Operating (3,000)

Income before taxes 266,000

Income tax expense (53,200)

Net Income 212,800

Earning Per Share: 2.13 (212,800/100,000)

8 0

3 years ago