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Norma-Jean [14]
3 years ago
6

Customer satisfaction surveys are an accurate and effective way to answer the balanced scorecard question: "how do customers see

us?"
Business
1 answer:
poizon [28]3 years ago
8 0
<span>For companies, organizations, and businesses, customer satisfaction surveys are a very reliable source of data and information that can be useful in determining the general opinion and views of the customer base. It will help those in management positions and employers with the most responsibility, understand how their customers see the company.</span>
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If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its?
Naddik [55]

If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its "marginal utility to price ratio is now lower than for other items."

<h3>What is marginal utility?</h3>

In economics, marginal utility is the optimum quality or benefit (utility) which a buyer receives by purchasing an additional units of a product or service.

Some key features regrading the marginal utility are-

  • The concept means that the utility and benefit of an extra unit of a product to a consumer is proportional to the quantity of units of such a product he currently owns.
  • The given example shows marginal usefulness.
  • The marginal value of one piece of bread provided to a family of seven will be considerable, because the family will be less hungry, as well as the difference between 7 and 8 is proportionally significant.
  • A extra bread slice supplied to a family with 30 slices, on the other hand, has less marginal utility so because difference among 30 & 31 is proportionally lower and the family's hunger has already been satisfied.
  • Thus, as a consumer of a product purchases further and more of the commodity, his marginal utility drops until he has no need for any extra units at all.
  • The marginal utility then is equal to zero.

To know more about the marginal utility, here

brainly.com/question/15050855

#SPJ4

5 0
2 years ago
The stockholders of a construction firm decide to start a steel company, but they want to have limited liability. After completi
Serga [27]

Answer:

Corporation

Explanation:

The stockholders of then firm want to start a Corporation ,

Corporation -

It is the group of people or an organisation , which is authorized by the state

as a single association .

The stockholders want to start a steel company , but have limited liability . Hence ,

They started the process after the completion of the plan , and payed the fees to the state government .

5 0
4 years ago
Wet for the Summer, Inc., manufactures filters for swimming pools. The company is deciding whether to implement a new technology
lubasha [3.4K]

Answer:

$131,283

Explanation:

Upstate Price = Present Value of Cash Flows if Demand is High / Value of Project = $14.3 million / $12.9 million = 1.10853

Downstate Price = Present Value of Cash Flows if Demand is Low / Value of Project = $8 million  / $12.9 million = 0.62016

<em>Now, the computation of Probability of Demand being High</em>

Risk Free Rate = (Probability of Rise) * (U-1) + (1 - Probability of Rise) * (d-1)

0.06 = (Probability of Rise) * (1.10853 - 1) + (1 - Probability of Rise) * (0.62016 - 1)

0.06 = (Probability of Rise) * 0.10853 + (1 - Probability of Rise)*(-0.37984)

0.06 = 0.10853 Probability of Rise + 0.37984 Probability of Rise - 0.37984

0.06 + 0.37984 = 0.10853 Probability of Rise + 0.37984 Probability of Rise

0.43984 = 0.10853 + 0.37984 Probability of Rise

0.43984 = 0.48837 Probability of Rise

Probability of Rise = 0.43984 / 0.48837

Probability of Rise = 0.9006286217417122

Probability of Rise = 0.9006

Probability of Fall = 1 - 0.9006

Probability of Fall = 0.0994

Value of the option to abandon = Probability of Fall * (Selling Price - Cash Flow if Demand is Low)/(1 + Risk Free rate)

Value of the option to abandon = 0.0994 * ($9,400,000-$8,000,000) / (1 + 0.06)

Value of the option to abandon = 0.0994 * $1,400,000/1.06

Value of the option to abandon = $139,160 / 1.06

Value of the option to abandon = $131283.0188679245

Value of the option to abandon = $131,283

4 0
3 years ago
Before advertising agencies emerged early advertisers would purchase sections in newspapers and magazines and sell it to various
iris [78.8K]

Answer:

True

Explanation:

Space brokers can be considered a primitive type of advertising agent. Space brokers bought space in newspapers in bulk, and therefore received a discount. They assumed the risk of not being able to sell the spaces and lose money while the newspapers benefited from sure sales. When the space brokers sold the space to their clients, they could charge them the normal newspaper rate (without discount) and they would still make money. This is similar to modern day advertising agencies that collect fees from media companies for placing ads.

4 0
3 years ago
Determine the interest on the following notes: (Use 360 days for calculation.) (a) $5,000 at 6% for 90 days. $Enter the interest
antoniya [11.8K]

Answer:

(a) $75

(b) $30

(c) $80

(d) $56

Explanation:

(a) Principal amount p = $5000

Rate of interest r = 6 %

Time t = 90 days =\frac{90}{360}=0.25years

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}=\frac{5000\times 6\times 0.25}{100}=$75

(b) Principal amount p = $800

Rate of interest r = 9 %

Time t = 5 month =\frac{5}{12}=0.4166years

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}=\frac{800\times 9\times 0.4166}{100}=$30

(c) Principal amount p = $6000

Rate of interest r = 8 %

Time t = 60 days =\frac{60}{360}=0.1666years

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}=\frac{6000\times 8\times 0.1666}{100}=$80

(d) Principal amount p = $1500

Rate of interest r = 7 %

Time t = 6 months =\frac{6}{12}=0.5years

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}=\frac{1600\times 7\times 0.5}{100}=$56

5 0
3 years ago
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