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3 years ago

Marketing managers rely on customer databases for effective implementation of the market penetration strategy.

Business

1 answer:

Tresset [83]3 years ago

7 0

Answer: <u><em>True</em></u>

Explanation:

Customer database plays a vital role in decision making and implementing marketing strategies. Customer data management can be referred to as the approach in which organizations keep record of their customer or potential individuals information and survey the customer so they can retrieve feedback.

Therefore in order to have proper implementation of the strategies , managers depend on customer database.

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State and briefly axplain five contribution of scientific management to modern management practices

butalik [34]

Answer:

One of the greatest contributions of scientific management in today's organization is increasing the productivity. Scientific management focuses on the activities performed by the workers in an organization. The importance of this was that scientific management makes the workers or employees efficient

4 0

2 years ago

The rate of return on the common stock of Flowers by Flo is expected to be 15 percent in a boom economy, 7 percent in a normal e

sertanlavr [38]

Answer:

the Expected rate of return will be 8.2%

the variance will be 0.001296

Explanation:

We will calculate the Expected Rate of Return which is the sum of the wieghted return based on their probabilities:

return of 0.15 probability 20% = 0.03

return of 0.07 probability 70% = 0.049

return of 0.03 probability 10% = 0.003

expected return = 0.082 = 8.2%

Now to calculate the variance we do:

∑(rk-ERR)^2 x pk

The sum of the difference between the expected rate and the escenario rate, power two, and multiply by their posibility

$(0.15-0.082)^{2}\times0.20+(0.07-0.082)^{2}\times0.70+(0.03-0.082)^{2}\times0.10$

the variance will be: 0.001296

3 0

2 years ago

A common tool project teams use to show resource assignments is a responsibility matrix. typically, this chart will depict:

geniusboy [140]

A common tool project teams use to show resource assignments is a responsibility matrix. Typically, this chart will depict what role each person on the team will have during each activity.

Managers set up a log to show each persons role for project completion. This allows for more streamline work and eliminates the questions regarding what each person should or shouldn't be doing.

3 0

3 years ago

Read 2 more answers

Two car manufacturers, Saab and Volvo, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Saab produces 50

igomit [66]

Answer:

Explanation:

First, write down Total fixed cost for each;

Fixed cost; Saab = $1,000,000,000

Fixed cost; Volvo = $1,000,000,000

Next find the Total Variable cost (TVC)

TVC = # of cars per year * marginal cost per car

Saab ; TVC = 50,000* $10,000 = $500,000,000

Volvo ; TVC = 200,000* $10,000 = $2,000,000,000

Average production cost = (Fixed cost + total variable cost) / # of cars per year

Saab = ($1,000,000,000 + $500,000,000)/ 50,000 = $30,000

Volvo = ($1,000,000,000 + $2,000,000,000)/ 200,000 = $15,000

6 0

2 years ago

A produce distributor uses 783 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann

jeyben [28]

Answer:

Annual Savings will be ;

Ordering Cost = $2,993.88

Holding Cost = $661.78

Explanation:

First Calculate the Economic Order Quantity (EOQ)

EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit

= √ ((2 × 783× 12 × $31) / ($11 × 32%))

= 407

Note : Currently the firm orders at 783 crates per month

Savings in Ordering Cost will be :

Savings = Ordering Cost at Current Quantity - Ordering Cost at EOQ

= (Total Demand / Current Quantity × Ordering Costs) - (Total Demand / Current Quantity × Ordering Costs)

= (9396/783 × $31) - (9396/407 × $31)

= $2,993.88

Savings in Holding Cost will be :

Savings = (Current Quantity - Economic Order Quantity) / 2 × Holding Cost per unit

= (783 - 407) / 2 × ($11 × 32%)

= $661.78

4 0

3 years ago