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.
Answer:
Employee Exchange Strategy
Explanation:
According to my research on different business strategies used by companies, I can say that based on the information provided within the question this is an example of the Employee Exchange Strategy. This strategy is when employees are exchanged between companies or departments, usually during seasonal ups and downs. This is done to either avoid contractual conflicts or to avoid layoffs during off seasons.
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Answer:
A ranger is a person who takes care of a park or piece of land.
Explanation:
Is there a story or reading that you would like to request support with that concerns the word Ranger?
<span>The recession of 2007minus 2009 began in December 2007, with the end of the economic expansion that had begun in November 2001.
The employment decline experienced during the December 2007 June 2009 recession was greater than that of any recession of recent decades. 47 months after the start of the most recent recession (November 2011), employment was still over 4 percent lower than when the recession began.</span>
In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.
Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.
- Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.
In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.
Learn more about Decentralized Organisation here
<em>brainly.com/question/12653061</em>
