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AlladinOne [14]
3 years ago
8

The emphasis on keeping customers for long periods of time is the central focus of ______ value and the reason firms focus on cu

stomer relationships.
Business
1 answer:
Archy [21]3 years ago
3 0

Answer:

Customer Lifetime Value

Explanation:

Customer Lifetime Value is a measure of how much amount of money a customer spends on your business/products/services over the course of his whole lifetime.

It is a predictor of how well you are doing to retain your existing customers.

Why is it important?

suppose you spend $10 to advertise your product (belt) and a customer buys 5 belts on average every year for 15 years. You get $12 profit for each belt sold.

12*5*15= 900$

Subtract the advertising cost

900-10=890$ This is your customer lifetime value

Now imagine what would have happen if we had to sell these belts to 75 different customers?

The advertising cost to attract 75 customers would have been too much and hence net profit and customer lifetime value would be very less.

75*10=750$

900-750=150$

This is why customer lifetime value is important and businesses focus on retaining their customers for longer periods.

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Which routing protocol does an exterior router use to collect data to build its routing tables?
DENIUS [597]
It is the Border Gateway Protocol (BGP) is an institutionalized outside door convention intended to trade steering and reachability data among self-sufficient frameworks on the Internet. The convention is frequently named a way vector convention yet is once in a while likewise classed as a separation vector steering convention.
5 0
3 years ago
A polisher costs $10,000 and will cost $20,000 a year to operate and maintain.If the discount rate is 10% and the polisher will
BlackZzzverrR [31]

Answer: $22637.98

Explanation:

Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:

We first calculate the present value which will be:

= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5

= $85815.74

The the equivalent annual cost will be:

= Present Value/PVIFA(10%,5)

= 85815.74/3.7908

= $22637.98

7 0
3 years ago
People like consuming peanut butter and jelly together. The price of peanuts increases. At the same time, we see the price for J
Butoxors [25]

Answer:

The correct answer is:  increase; decrease.

Explanation:

According to the demand theory if the price of a good increases the quantity demanded decreases. If the price of the good decreases, the quantity demanded increases. We can say then that the relationship between the price and the quantity demanded is inversely proportional.

In that case, if peanut butter and jelly are usually sold together and the price of jelly increases, so will the price of the peanut butter. Thus, the quantity demanded of both the peanut butter and jelly will decrease.

8 0
3 years ago
Erpetual Inventory Using Weighted Average
crimeas [40]

The weighted average unit cost is $10.61.

The cost of goods sold on October 29 is  $2,122.39.

The inventory on October 21 is $3138.

<h3>What is the average weighted cost?
</h3>

The weighted cost of goods sold = [(310 x 9) + ($12 x 360)] / (360 + 310)

(2790 +4320) / 670  

7,110 / 670 = $10.61

Cost of the goods sold on October 29 =  average unit cost x number of goods sold

$10.61 x 200 = $2,122.39

Inventory on October 21 = ending inventory  x average cost

ending inventory = total inventory - total inventory sold

  • total inventory = 310 + 360 = 670 units
  • total inventory sold = 170 + 200 = 370 units
  • ending inventory = 670 - 370 = 300 units

Inventory on October 21 = 300 units x 10.61 = $3,183

To learn more about average weighted cost, please check: brainly.com/question/15231142

#SPJ1

7 0
2 years ago
The last time she went to the dentist, Laura did not feel she had received good enough service for her money. ______ would say t
vfiekz [6]

Answer: d. Equity theory

Explanation:

EQUITY THEORY was first developed in 1963 by John Stacey Adams who was a workplace and behavioral psychologist.

It was first developed to explain that employees seek to have EQUITY between what they put into a job and what they get out i.e, whether they are being fairly compensated.

Broadly speaking however, it can also apply to this situation as it attempts to explain satisfaction in terms of PERCEIVED FAIRNESS. In other words, people are more satisfied in terms of transactions if they feel as though they got a FAIR and EQUITABLE result for the transaction.

4 0
3 years ago
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