Answer:
In the product Lookup worksheet, cell F5 should contain the number generated by the Goal Seek analysis.
Answer:
45.83%
Explanation:
The Gross Margin Ratio is a profitability ratio . It compares the gross margin of a business to its net revenue.
The formula for calculating gross profit ratio is
Gross Profit Margin ration = Net Sales− COGS
Net Sales
COGS is the cost of goods sold.
For Megascape board
Net sales= $2.4 million,
COGS =$1.3 million,
gross profit margin ratio = $2.4 - $1.3
$2.4
=$1.1/$2.4 x 100
=45.83%
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.
The business environment has drastically changed from old traditional methods to methods with fast improving technology and globalized work culture.
