The formula for calculating the lifetime value of a customer the amount a person will spend MINUS the cost to maintain the relationship
<u>Explanation:</u>
Any company must measure the customer lifetime value for its success. Customers are the important factor that decides the growth of any business. They play an important role of buying the goods and services produced by any business. It is required to know how much it costs to attain new customers than retaining the older customers.
By measuring the CLTV, a company can make better decisions like the goals related to marketing, reduction in the cost related to acquisition, customer retention,etc. CLTV can be measured by subtracting the amount spent by a customer from the total cost that is spent in maintaining the relationship with that customer.
IBM's Smarter Planet campaign markets IBM as a company that provides innovative solutions that improve the world's IQ. This is an example of organization marketing.
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Explanation:</u></h3>
Marketing function plays a vital role in the success of any company. It is the process by which the companies will first find the potential markets for selling their products and then promote their products saying how they vary from the other similar products.
Organisation marketing is the strategy that is being used by the business but a difference is that here customers will buy their products and do not used those products personally. In the example given, IBM markets innovative solutions that helps in improving the Intelligence Quotient. This acts as an example of organization marketing.
Answer:
The correct answr is C.
Explanation:
Giving the following information:
Cost Machine Hours
January $52,200 20,000
February 75,000 29,000
March 57,000 22,000
April 64,000 24,500
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ highest activity units - Lowest activity units)
Variable cost per unit= (75,000 - 52,200) / (29,000 - 20,000)= 2.53
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 75,000 - (2.53*29,000)= 1600
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 52,200 - (2.53*20,000)= 1600
B. as price rise so will supply, and prices will fall, so will supply
Barcelona demands a certain level of quality and the organization is continuously raising the bar on expectations. The individual that would be best fit for working at Barcelona is the person with Strong Type B personality
Answer: Option (d) is correct
Explanation:
Type B personality people are fit for working in Barcelona. They are the ones who are stress- free. They have control over their emotions. They are mostly relaxed and not at all aggressive.
They can comfortably express them without any kind of hesitation. They possess patience which is of utmost importance in any field. Their flexible nature enables them to adapt to changes quickly. They are highly motivated but have laid back attitude.
