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Add on method is
A method of calculating interest whereby the interest payable is determined at the beginning of a loan and added onto the principal. The sum of the interest and principal is the amount repayable upon maturity.
The interest is
I=10,000×0.08×(36÷12)=2,400
Add the interest to the principle
2,400+10,000=12,400
Monthly payment is
12,400÷36months=344.44
Answer:
Contact management
Explanation:
Customer Relationship Management:
This is simply regarded as some known practices, strategies, and technologies used by companies so as to manage, record, and evaluate customer interactions. It is a tool used to increase sales growth by blessings or taking care of relationships within a company's customer base.
Customer life cycle
This simply shows the increasing steps a customer must pass through when considering, purchasing, using, and maintaining loyalty to a product
CRM captures, stores and analyzes customer data in real-time so the organization can improve processes that is of importance to customer satisfaction and thereafter support them. It helps in carrying out business strategy effectively.
By implementing a CRM system in a company successfully, a company can reduce costs and improve customer satisfaction. Focusing on customer's needs can helps with building of brand loyalty and market growth of the business.
The correct answer is extra commissions.
Travel agencies will often recommend a preferred supplier because they are receiving extra commissions from the suppliers. The extra commissions do not necessarily need to be in cash. Often the extra commissions will be in the form of things like trips, free hotel rooms and cruises for the travel agents.
