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uranmaximum [27]
3 years ago
5

The first step in the CRM process is analyzing data. creating a data warehouse. rewarding loyal customers. developing CRM progra

ms. implementing programs.
Business
1 answer:
uranmaximum [27]3 years ago
5 0

Answer:

Creating a data warehouse

Explanation:

Customer relationship management or CRM aims at creating and maintaining good customer relationships, providing better customer satisfaction so as to increase sales.

CRM focuses upon providing good customer support and customer feedback.

The primary step, in Customer Relationship management is creating a data warehouse. Data warehouse refers to a database from where extraction of customer details gets convenient.

Such database can be used for data analysis and reveals customer habits and past purchase trends.

You might be interested in
The budgeting process does not involve which of the following activities?
Vera_Pavlovna [14]

Answer:

Increase in sales by increasing marketing efforts.

Explanation:

A budget can be defined as a financial plan which is used to make an estimate of the amount of amount that goes in and comes out. It can also be described as a financial plan that controls expensenses, resources, debts within a specific period of time.

Budgeting is carried out inorder to maintain and control an individual or an organization income so as to avoid wastage of resources. Budgeting keeps an individual or organization focused on achieving their different goals and objectives.

8 0
3 years ago
The market demand for wheat is Q = 100 − 2p + 1pb + 2Y . If the price of wheat, p, is $2, and the price of barley, pb, is $3, an
stira [4]

Answer:

0.95

Explanation:

Given that,

Market demand for wheat: Q = 100 − 2p + 1pb + 2Y

price of wheat, p = $2

price of barley, pb = $3

Income, Y = $1000

Q = 100 − 2p + 1pb + 2Y

   = 100 - (2 × 2) + (1 × 3) + (2 × 1,000)

   = 100 - 4 + 3 + 2,000

   = 2,099

Differentiating Q with respect to Y,

dQ/dY = 2

Income elasticity of wheat:

= (dQ/dY) × (Y ÷ Q)

= 2 × (1,000 ÷ 2,099)

= 0.95

4 0
3 years ago
Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-y
MAVERICK [17]

Answer:

Depreciation for 2018 is = $15,120.60

Depreciation for 2019 is  = $13,133.84

Depreciation for 2020 is = $10,401.04

Depreciation for 2021 is = $10,660.65

Explanation:

solution

we know here

Depreciation under Units of production method is    

Depreciation is = (Cost - Salvage value) × (No of units produced ÷ Expected units of production)

put here value for each year

Depreciation for 2018 is = (42700-1708) × (553300 ÷ 1500000)

Depreciation for 2018 is = $ 15,120.60

 

Depreciation for 2019 is = (42700-1708) ×  (480600 ÷ 1500000)

Depreciation for 2019 is  = $ 13,133.84  

 

Depreciation for 2020 is = (42700-1708)×  (380600 ÷ 1500000)

Depreciation for 2020 is = $ 10,401.04

 

Depreciation for 2021 is = (42700-1708)×  (390100 ÷ 1500000)

Depreciation for 2021 is = $ 10,660.65

5 0
3 years ago
3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y
saw5 [17]

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

3 0
3 years ago
You currently own shares in Buckeye Mutual Fund (BMF). Your broker calls and recommends buying shares in a small-capitalization
GarryVolchara [31]

Answer:

Option D is the correct option

Explanation:

To find the optimal fund to combine with risk free rate of return, we will use Coefficient of variation,

Coefficient of variation(CoV) = Standard Deviation/Expected Return

CoV of Buckeye = 14%/20% = 0.7

CoV of Wolverine = 11%/12% = 0.9167

So, higher the CoV higher the risk, we will take Buckeye to combine with Risk Free Return.

Hence, Option A

- Required target return of portfolio = 22%

Risk Free return = 8%

Buckeye Return = 20%

Let the weight of Buckeye be X ,& weight of risk free be (1-X)

Required return = (WRF)*(RRF) + (WB)*(RB)

22 = (1-X)(8) + (X)(20)

22 = 8-8X + 20X

14 = 12X

X = 1.17

SO, weight of Buckeye is 1.17 or 117%

while weight of Risk free is -0.17 (1-1.17) or -17%

Hence, ans is OPTION D

7 0
3 years ago
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