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Trava [24]
2 years ago
7

Companies that successfully implement customer relationship management (CRM) tend to: a. customize the goods and services offere

d to their customers. b. minimize the use of database technology. c. use an undifferentiated targeting strategy. d. assume that customers have similar needs that can be met with a general marketing mix.
Business
1 answer:
Zolol [24]2 years ago
6 0

Answer:

a. customize the goods and services offered to their customers.

Explanation:

Customer relationship management refers to the technology, principles, policies, considerations, and principles applied by businesses to ensure the satisfaction of their customers. The ultimate purpose of customer relationship management is to meet the needs of the customers, thus making them happy and satisfied.

When an organization customizes the goods and services offered to their customers, they are offering a personalized buying experience that would make the customers happy. They would also have a sense of belonging and the feeling of being recognized. The result might translate to increased sales.

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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the
Eduardwww [97]

Answer:

Split-off point:

The split-off point is the point at which products from the joint process appear and are identified.  The costs which are incurred up to the split-off point are called joint costs and the costs that are incurred after the split-off point are called as

Separable costs. Some joint products which emerge from joint process can be sold at the split-off point or some products can be put to further processing.

Compute the profit or loss from the three products as shown below'

Description                                                              A               B               C

Selling price after further processing                    20              13              32

Selling price at the split off point                            16               8        25

Incremental revenue per pound or gallon             4               5         7

Total quarterly output in pounds or gallons     $15,000    $20,000    $4,000

Total incremental revenue                              $60,000   $100,000  $28,000

Total incremental processing costs              $63,000   $80,000  $36,000

Total incremental profit or (loss)                       ($3,000) $20,000  ($8,000)

Therefore the products A and C are need to be sold at the split off point and he product B should be processed further to earn good profits.  

3 0
3 years ago
Managers in international businesses will need to evaluate the attractiveness of a country as a market or location for a facilit
Aleks04 [339]

Answer:

1. Absolute size of an economy

e. Gross national income (GNI)

2. Speed of economic growth

f. Economic growth rate

3. How a nation's income is apportioned

a. Income distribution

4. Purchase of essential vs, nonessential goods

c. Private consumption

5. Cost of production

b. Unit labor costs

6. Potential market size

g. Total population

7. Potential market segments

d. Age distribution

Explanation:

Any entity that wishes to exploit foreign markets must of necessity determine the suitability of the country's market and its economy.  To achieve this aim, entities engaging in foreign direct investments consider some factors.  One of them is the country's attractiveness.  A country is attractive or not depending on the following elements, among others: market size, growth of market size, per capita income, population and age distribution, existence and enforcement of contract laws, and political openness.  These considerations are important to avoid regrets, including over-exposure to country risks.

7 0
2 years ago
What program begins with a thirteen-week reintegration treatment program that attempts to improve offenders' basic socialization
oksian1 [2.3K]
This kind of program could be like rehabilitation such as may be provided in a half-way house for people coming out of jail which is designed to help the ex-prisoners to stop the use of illicit drugs, improve socialization skills and find meaningful employment so they can get back on their feet again. Where I live in the province of BC in Canada, it is law that a person can not be barred from employment if his offence was not related to his/her work. 
6 0
3 years ago
duffy company has a fiscal year ending on september 30, 2020. the adjusted trial balance at the end of the year is as follows: d
RUDIKE [14]

The preparation of a classified statement of financial position (balance sheet), closing entries, and post-closing trial balance is as follows:

a.  Statement of Financial Position (Balance Sheet)

As of September 30, 2020

Assets:

Current Assets:

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900    $62,700

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation      (18,600)

Patent                                        80,000

Other assets                               13,800  $265,200

Total assets                                             $327,900

Liabilities and Equity:

Current Liabilities:

Accounts payable                      42,000

Interest payable                          19,600

Salaries and wages payable      6,000

Unearned rent revenue               4,100    $71,700

Long-term Liabilities:

Mortgage payable (due 2024)                 79,000

Total liabilities                                        $150,700

Equity:

Capital                                     109,700

Retained earnings                   67,500 $177,200

Total liabilities and equity                 $327,900

b) Closing Journal Entries:

Debit Sales revenue $240,500

Credit Statement of Financial Performance $240,500

Debit Statement of Financial Performance $123,500

Credit Cost of goods sold $123,500

Debit Rent revenue $14,400

Credit Statement of Financial Performance $14,400

Debit Expenses:

Depreciation Expense $7,800

Insurance Expense $18,000

Supplies Expense $14,400

Interest Expense $12,000

Salaries and Wages Expense $21,900

Credit Statement of Financial Performance $74,100

Debit Credit Statement of Financial Performance $57,300

Credit Retained Earnings $57,300

c) Post-Closing Trial Balance

Account Titles                                 Debit        Credit

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation                         $18,600

Patent                                        80,000

Other assets                               13,800

Accounts payable                                        42,000

Interest payable                                           19,600

Salaries and wages payable                        6,000

Unearned rent revenue                                 4,100

Mortgage payable (due 2024)                  79,000

Capital                                                       109,700

Retained earnings                                     67,500

Totals                                  $327,900  $327,900

Data and Calculations:

Trial Balance

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Land                                            70,000

Equipment                                120,000

Patent                                         80,000

Other assets                               13,800

Accumulated Depreciation- Equipment $18,600

Cost of goods sold                  123,500

Depreciation Expense                7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Accounts payable                                    42,000

Mortgage payable (due 2024)                79,000

Interest payable                                       19,600

Salaries and wages payable                    6,000

Unearned rent revenue                            4,100

Dividends                              4,800

Capital                                                   109,700

Retained earnings, Oct. 1, 2019            15,000

Sales revenue                                    240,500

Rent revenue                                        14,400

Totals                           $548,900   $548,900

Statement of Financial Performance (Income Statement)

For the year ended September 30, 2020

Sales revenue                       $240,500

Cost of goods sold                  123,500

Gross profit                             $117,000

Rent revenue                             14,400

Total income                          $131,400

Expenses:

Depreciation Expense               7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Total Expenses                      $74,100

Net Income                           $57,300

Statement of Retained Earnings:

Retained earnings, Oct. 1, 2019  $15,000

Net income                                    57,300

Dividends                                       (4,800)

Retained earnings, Sept. 30,    $67,500

Learn more: brainly.com/question/13408214

6 0
2 years ago
Match the terms to their correct definitions.
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Resume-<span>a brief account of professional or work experience and qualifications, often submitted with an employment application
Skill set-</span><span>the knowledge, experience, and abilities brought to a job or task
</span>mission statement-<span>a summary statement of the philosophy, view, and approach of a company 
</span>curriculum vitae-a summary of academic and professional accomplishments; generally longer and more involved than a traditional resume
6 0
3 years ago
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