There you go. let me know if this is right
Answer:
Letter E is correct. <em>Their share of the cost is hig</em>h.
Explanation:
Price sensitivity is characterized by consumer behavior in relation to the price of a product or service.
The degree of price sensitivity can be measured using the price elasticity of demand, which is the study of the percentage change in the amount of demand for a good or service divided by the percentage change in price.
Some variables may affect consumer behavior, price sensitivity may be higher when there are many substitute products and lower when the consumer values a higher quality good and <u>when its profitability is higher compared to the total cost of the product.
</u>
Answer:
See answer and explanation below.
Explanation:
Generally, customer relationship management (CRM) is a technology that companies employ to manage their relationships and interactions with the existing customers and potential ones.
Other information Wells Fargo’s CRM system can tell the company include:
1. It provides information that can support it marketing strategy and sales.
2. It shows the most profitable customer of the bank and suggests technique to employ in order to improve product offering to these set of customers.
3. It identifies and provides information on different customer segment and improve the customer experience.
Answer:
decrease
Explanation:
Marginal cost is a concept that explains the cost a company has to produce one more unit of good. This is a measure that is associated with the productivity of the inputs used in the production process. When a company increases production, marginal cost tends to decrease as inputs are better utilized. This is because the company specializes in production in order to streamline inputs and increase productivity.
Answer:
11.66 million
Explanation:
Annual Amortization Expense:
= Cost of acquiring at the beginning of the year ÷ 9-year life
= $42 million ÷ 9
= $4.67 million per year
Year 2021 Amortization Expense 4 Years:
= Annual Amortization Expense × 4
= $4.67 per year × 4 years
= $18.68 million
Unamortized Cost:
= Cost of acquiring at the beginning of the year - Amortization Expense 4 Years
= $42 million - $18.68 million
= $23.32 million
Patent amortization expense in 2021:
= Unamortized Cost ÷ 2
= $23.32 ÷ 2
= 11.66 million
