Answer:
III. maximize profit.
Explanation:
Profit maximisation is assumed to be the most important goal of most firms. Profit maximization means selling a product at the point where total revenue is at its greatest above total cost.
Profit is maximised where marginal cost equals marginal revenue.
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Answer:
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Answer:
The answer is 0,5739.
Explanation:
If we subtract the cost of goods and other expenses from the net sales revenue, we get $181,500.
The balance of fixed assets at the end is $400,000 and the stockholders' equity is $875,000.
The difference in the balance of fixed assets is $28,000 and the difference in the stockholders' equity is $365,000.
So the return on equity ratio can be computed as follows;
(181,500+28,000) / 365,000 = 0,5739.
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1. <u>consumer</u> one who purchases goods, products, or services for personal use
2. <u>tangible</u> concrete or real, capable of being touched or held in the hand
3. <u>entrepreneur</u> someone who starts a business or enterprise, assuming all risks and responsibilities for its success or failure
4. <u>empathy</u> the ability to understand and identify with another's feelings, ideas, or situation
5. <u>LEED</u> Leadership in Energy and Environmental Design, a program that sets standards and rating systems for third-party verification of environmentally friendly "green" buildings
6. <u>collaborate</u> tangible to work together with others, willingly and in the spirit of cooperation
The firms may need to focus additional effort on retention strategies.
Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.
Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.
Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.
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