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vodka [1.7K]
4 years ago
13

Fran uses a database software system to remind him when his customers should be ready to reorder his industrial cleaning product

s. With this reminder system, Fran contacts his customers when they are most likely to be "in the buying mode." Fran's system is part ofA. C2C marketing.B. a transactional marketing orientation.C. typical production era marketing practices.D. customer relationship management.E. supply chain management.
Business
1 answer:
ladessa [460]4 years ago
5 0

Answer:

Option D          

Explanation:

Customer relationship management refers to the  method for handling an engagement between a business and current and prospective clients.

This uses data mining on the experience of clients with a corporation to strengthen client relationships with clients, mainly focusing on customer loyalty and eventually improving sales growth.

Another crucial element of the CRM strategy is the CRM programs that collect information from a variety of different communications channels, such as a company's website, internet, fax, video chat, promotional materials, and much more recently, social media. 

Businesses know something about their target groups and how to better meet their needs through the CRM framework and the tools used to promote it.  

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Westfall Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follow
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Net income will be $352,500 more if the company continues with Luxury watches only.

Explanation:

Since the company discontinues Sporty watches operation, the company's variable cost is decreasing. However, the fixed expenses remain same as the company will use the space for producing Luxury watches. The effect of operating income will be as follows:

                                          Westfall Watch

              Income Statement (Contribution Margin approach)

Particulars                                                                                  $

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Contribution Margin                                                              507,500

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Net Income                                                                            427,500

Therefore, the net income will be $427,500 which is $(427,500 - 75,000) = $352,500 more.

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