Answer:
cumulative quantity discounts
Explanation:
Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.
Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
<u>A) Budget equation mathematically</u>
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
<u>b) Values of X and Y that will maximize utility </u>
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
<u>c) Total utility generated per unit of time </u>
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
Answer:
Explanation:
Productivity per unput dollar=Fees charged from clients/total cost to firm
There are 3 options:
1. Using current software:
Av time=40 min
Researcher's cost=$2 a min
Total cost=40*2=80
Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5
2.
Using company A's software
Av time=30min
Cost of reducing av time=$3.5
Researcher's cost=$2
Total =30*2+3.5=63.50
Productivity per dollar input=400/63.5=6.3
3.
Using company B's software
Av time = 28 min
Cost of reducing av time=$3.6
Researcher's cost=$2
Total cost=28*2+3.6=59.6
Productivity per dollar input=400/59.6=$6.71
Answer - Using company B's software
The answer to this question is a Change agent.
A change agent is a person that can be inside or from outside the company / organization that will help the company to change their processes and helps the organization to re-evaluate their day to day operations. A change agent also sees to it that the operations of the company will improve, develops, and become effective after the evaluation.
Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to<u> A. improve </u><u>customer retention rate</u>.
<h3>What is customer retention?</h3>
Customer retention refers to the ability of an organization or marketer to achieve customer loyalty over time.
When a customer is retained, there is always increased revenue from repeat purchases.
Customer retention increases brand loyalty.
Question Completion with Answer Options:
A. improve customer retention rate.
B. satisfy customer needs
C. provide the information necessary to diagnose reasons for customer defection.
D. increase customer profitability.
Thus, although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to<u> A. improve </u><u>customer retention rate</u>.
Learn more about customer retention at brainly.com/question/11621168
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