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earnstyle [38]
3 years ago
14

Revenues and intangible benefits such as referrals and feedback a consumer brings to the seller over an average period of their

relationship, less the amount the company must spend to acquire, market to, and service the customer is known as the _____.
a. rate of customer coverage
b. customer turnover rate
c. lifetime value of a customer
d. net customer yield
Business
1 answer:
Stella [2.4K]3 years ago
5 0

Answer:

c. lifetime value of a customer

Explanation:

Based on the information provided within the question the term being described is called the lifetime value of a customer. Like mentioned in the question this term refers to a measurement used in business statistics in order to calculate the total revenue that a single customer account can bring to the business. Since they calculate profit, the company deducts what they are spending in order to acquire, market to, and service the customer from the benefits brought by the customer to the business.

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Sky Communications (SKY) usually sells a cell phone for $448 plus 12 months of cellular service for $672. SKY has a special, tim
jeka94

Explanation:

The Journal Entry from July 1 and July 31 is shown below:-

1. Cash Dr,                                             $560

            To Deferred revenue                                  $560

(Being cash is received)

2. Deferred revenue                             $336

            To Sales revenue                                         $336

(Being 12 months sales service is recorded)

3. Cost of goods sold                            $280

            To Inventory                                                 $280

(Being cost of goods sold is recorded)

4. Deferred revenue ($336 ÷ 12)            $28

            To Service revenue                                      $28

(Being Deferred service revenue is recorded)

Working Note:-

Cellular service revenue = offer price ÷ total cost of phone and service × cellular service

= (($560 ÷ ($448 + $672)) × $672

= $336

3 0
3 years ago
robert jacobs and richard chase (2018). operations and supply chain management, 16th edition, mcgraw-hill. isbn 978-1-260-23890-
morpeh [17]

What was robert jacobs and richard chase (2018). operations and supply chain management, 16th edition; (COMPLETE QUESTION)

With a light emphasis on quantitative coverage, Operations and Supply Chain Management, 16e covers the full spectrum of Operations Management and Supply Chain. It offers pertinent and up-to-date Operations Management topics with an emphasis on economics and the global economy, analytics content that uses math models to link decisions to pertinent data, and proper problem-solving techniques.

This sixteenth edition gives students a set of more practical skills and tools as well as examples of what businesses are doing to gain a competitive advantage in the market. Reducing the cost of supply chain processes, integrating and collaborating with customers and suppliers, sustainability, and lowering the long-term cost of products and processes are all current business hot themes that pertain to operations and supply chain management.

TO know more about operations and supply chain management

brainly.com/question/5004551

#SPJ4

7 0
1 year ago
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?
Nonamiya [84]

Answer:

B) a local cable company

Explanation:

A local cable company provides communication services using underground cables. Service offed by a cable company includes televisions, internet connectivity, and telephone services. Such a company needs communication equipment to facilitate signal and message transmission.

Damien repairs communication equipment. He probably works for a local cable company.

7 0
3 years ago
Strategic management is defined as
forsale [732]
Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
4 0
3 years ago
Click on the link below(I will add it below) to access a video on Entrepreneur Mark Zuckerberg. As you watch the video, fill in
Virty [35]

Answer:

This is what shows

Explanation:

4 0
3 years ago
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