<h2>Yvonne is using CRM to encourage customers to engage in "Straight rebuy"</h2>
Explanation:
The process that repeats when a customer makes another purchase of the same goods in the same amount under the same terms from the same supplier.
This is called as straight buy because the buyer wants the same product without any change and he would like to buy in routine.
CRM helps the business people to maintain the customer and make them to buy products and increase the value of business. As said earlier, here straight rebuy is the situation where the customer orders same item again and again without any change.
This question is incomplete, I got the complete one from google as:
Output Total cost
0 5
1 10
2 12
3 15
4 24
5 40
If the market price is $16, this firm will a. produce 4 units of output in the short run and exit in the long run. b. produce 5 units of output in the short run and exit in the long run. c. shut down in the short run and exit in the long run. d. produce 5 units of output in the short run and face competition from new market entrants in the long run
Answer:
Option D is correct- If the market price is $16, this firm will produce 5 units of output in the short run and face competition from new market entrants in the long run.
Explanation:
The fixed cost is $5, this indicates that when the market price is $16, the marginal cost is also $16.
When the 5th unit is produced, the total revenue received will be $80 while the total cost will be $40. This indicates that there will be a positive economic profit which will bring new firms in the long run.
Hence, option D is the correct answer - If the market price is $16, this firm will produce 5 units of output in the short run and face competition from new market entrants in the long run.
Answer:
D: declining marginal benefit
Explanation:
Declining benefits is a concept explained in the theory of diminishing marginal returns. As per this theory, additional deployment of an input while holding the other factors constant will lead to negative returns.
The term marginal refers to one more additional input or output. Marginal returns is the additional gain resulting from the sale or production of an extra unit. A firm enjoys positive marginal returns until production gets to its capacity level. Further input after this level results in decreasing gains.
This company opts not to purchase more inputs because it has reached its optimal level. Additional inputs will lead to reduced returns and, eventually, losses.
Answer:
False
Explanation:
Financial freedom is when an individual can make decisions concerning finances without having to think about the implications of the decisions because the individual is financially prepared.
Financial freedom means that an individual controls his/her financaes and not the other way around.
So owing family members only doesn't is not financial freedom but instead, not owing at all is financial freedom. This is simply because, you have to make your financial decisons with respect to the fact that there is debt to be paid. This means you have a clause or constraint in your financial decisons and thus shows no freedom.
Cheers.
True
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