<span>Their marketing approach is listening to customer feedback. Basing some marketing and some ways they produce their food on customer feedback can be both beneficial and work out well as long as it's cost effective and doesn't hinder sales much.</span>
Answer: The buzzword to be used is <u>synergy</u>
<u>Explanation:</u>
Synergy means that two or more than two organisations combine their efforts. They decide to cooperate with each other so that they can produce better results compared to what they produce when they are separate.
When one company decides to merge with the other company, they decide to combine their resources. They take combined decisions so that they can work for their own betterment and to improve the productivity.
Answer:
Identifying alternative course of action
Explanation:
In this scenario Sophia made an initial financial plan in which she would travel around the world.
As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.
This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.
Answer: Repeat
Explanation:
When the customers are adopting the product permanently and use in their daily life routine then, they known as the repeat purchasers. The repeat purchaser basically purchase the products very frequently.
The process of repeat purchasing basically indicate that the customer loyalty towards the particular brand and it maintain the customer relationship.
Therefore, if more than 60% of men purchasing the product Gillette fusion razor then they known as the repeat purchaser as they adopted the given product permanently.
Answer:
The EOQ is 353 units
Explanation:
The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.
The formula for EOQ is,
EOQ = √(2*D*O) / H
Where,
- D is the annual demand in units
- O is the ordering cost per order
- H is the holding cost per unit per annum
The annual demand of oil filters by Sam is,
Annual demand = 52 * 150 = 7800 filters
The EOQ for Sam Auto Shop is,
EOQ = √(2*7800*16) / 2
EOQ = 353.27 Units rounded off to 353 units
