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rodikova [14]
3 years ago
11

Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who

frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. This is an example of
Select one:
a. customer relationship management. Correct
b. a transactional marketing orientation.
c. C2C marketing.
d. supply chain management.
e. typical production-oriented era marketing practices.
Business
1 answer:
Aneli [31]3 years ago
3 0

Answer:

a. customer relationship management

Explanation:

Customer relationship management is how a company interacts with its customers. It uses customer data to make analysis aimed at serving the customer better.

The CRM software is used to profile customers based in their historical preferences and this informs strategy used to engage the customer in the future.

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1) Household spending on goods and services is known as A) consumption spending. B) planned investment spending. C) government p
Levart [38]

Household spending on goods and services is known as consumption spending.

Explanation:

Consumption spending is the purchasing of goods and services by individuals or families. At the macroeconomic point, it is the bulk of aggregate demand. Household spending is the amount resident households pay for end-consumption spending to meet their daily needs.

Consumer spending is the overall money that individuals and households spend on the final goods and services for personal use and pleasure in an economy. Consumer spending is a major economic driving factor and a central principle in economic theory.

5 0
2 years ago
Present an example where data mining is crucial to the success of a business. What data mining functions does this business need
Kitty [74]

Answer:

Data mining refers to the ability of an organization to extract relevant information for a large reservoir of data that belong to its users for the purpose of increasing service/product efficiency.

One example of a company that requires data mining for the success of its business is Amazon. Amazon is categorized by many as an online retail giant. Their Customer-Centric approach to doing business is enhanced by their ability to leverage off historical data to reduce the time spent on resolving customer queries and/or complaints.

Generally, there are four basic data mining functions. They are:

  • Prediction Function: This function allows for the owner to spot patterns in behavior and use this as a yardstick to predict for forecast other variables that will enable the increment in the quality of value offered/delivered.
  • Function Description: This functionality highlights attributes of a set of data in the database
  • Classification Function: This is very close to Function Description only that in this case, it helps in the creation of a model that describes the class or concept of data.  
  • Association Function: This functionality highlights the relationship between data  

The above functions cannot be carried out by data query processing or simple statistical analysis because data mining involves the identification of patterns and relationships using algorithms whilst data query refers to the issuance of instructions in search of specific results.

Cheers

7 0
2 years ago
term fixed price contract to build an office tower for​ $10,000,000. In the first year of the contract Tullis incurs​ $3,000,000
almond37 [142]

Answer: $750,000

Explanation:

Given that,

Fixed price contract = $10,000,000

Cost incurred in the first year = $3,000,000

Remaining costs to complete =​ $5,000,000

Tullis billed =​ $4,000,000 in year 1

Collected​ by the end of the year = $3,500,000

Percentage of work completed = \frac{Expenditures\ Incurred\ from\ Inception\ to\ Date}{Total\ Estimated\ Costs\ for\ the\ Contract}

= \frac{3}{8} \times 100percent

= 37.5%

Revenue recognized = 37.5% of $10,000,000

                                    = $3,750,000

Income recognized = Revenue recognized - Cost incurred in the first year

                                 = $3,750,000 - $3,000,000

                                 = $750,000

8 0
3 years ago
Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed
Leya [2.2K]

Answer:

The change in net operating income after the changes by $14,200

Explanation:

For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:

Contribution per unit = Selling per unit - variable cost per unit

                                   = $190 per unit - $76 per unit

                                   =  $114 per unit

where,

The selling per unit = (Sales revenue ÷ number of units)

                                = ($190,000 ÷ 1,000 units)

                                = $190 per unit

The variable cost per unit = (variable cost ÷ number of units)

                                           = ($76,000 ÷ 1,000 units)

                                           = $76 per unit

Now the change in operating income equals to

= (increased sales units × contribution per unit) - advertising cost

= (300 units × $114 per unit) - $20,000

= $34,200 -$20,000

= $14,200 increase

7 0
3 years ago
A key resource is assigned on multiple tasks that are running simultaneously. The project manager needs to minimize impact on ac
marin [14]

Answer: Resource levelling

Explanation:

Resource levelling is a term used in project management defined and is defined as a technique used where there is adjustment in the start and finish dates based on limitation in resources with the aim of balancing the demand for resources using the available supply.

While performing activities in project planning, the manager will try to schedule some tasks simultaneously. Resource leveling can be used to balance the workload of the main resources during the duration of of the project usually at the expense of either the time, cost or scope.

5 0
3 years ago
Read 2 more answers
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