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const2013 [10]
3 years ago
9

Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps bank

s to
Business
1 answer:
inn [45]3 years ago
3 0

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.

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The ________ theory states that firms undertake foreign direct investment when the features of a particular location combine wit
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Answer:

D. Eclectic theory

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3 0
3 years ago
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Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the buil
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Answer:

$4872

Explanation:

Given: Purchase price of an office building= $220000.

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Remember, As per current US Tax code, commercial building can be depreciated over 39-year straight-line for commercial property.

Now, calculating the current year depreciation deduction.

We know, land is not depreciable.

∴ Cost of building= Purchase\ price\ of\ building - cost\ of\ land

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Next calculating depreciation using straight line method ignoring salvage value.

Depreciation deduction= \frac{\$ 190000}{39}

∴ Depreciation deduction= \$ 4872

Hence, The corporation's current year depreciation deduction for the building is $4872

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3 years ago
Which is an advantage of doing an apprenticeship program
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Answer:

Answer to the following question is as follows;

Explanation:

An apprenticeship programme is a type of training programme in which students gain work experience while still taking courses. Apprenticeships are usually compensated. The advantage of taking an apprenticeship programme, according to the same, is that you generate income while learning specialised job skills.

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Sustainable development refers to _____. a. economic activities that do not threaten the environment b. an increase in the numbe
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A

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The Brundtland Report defines Sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs."

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