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photoshop1234 [79]
3 years ago
13

Why is it important for businesses to their heavy users?

Business
1 answer:
Dovator [93]3 years ago
8 0

Answer:

The Heavy users of a business are those people who comprise about 20% of the business's consumers and yet buy so much that they bring in about 80% of the business's revenue.

Heavy users also have an impact on light users because they can market the goods to light users whether indirectly or directly when they use so much of a business's goods and services.

It is therefore very important that the business knows of these heavy users so that they can focus marketing strategies on them as well as to offer them incentives that will keep them satisfied and coming back for more because if they don't act and they lose their heavy users, their revenues will see a significant drop.

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An economic structure in which judgements about what to manufacture and in what amounts are determined by the markets consumers
astra-53 [7]

An economic structure in which judgments about what to manufacture and in what amounts are determined by the markets consumers and retailers is known as a free-market system

This is further explained below.

<h3>What is the free-market system?</h3>

Generally, A market economy is an economy in which choices about investment, production, and distribution to consumers are led by the price signals that are formed by the forces of supply and demand. This kind of economic system is known as a free market economy.

In conclusion, A free market system is an economic framework in which decisions on what to make and in what quantities are set by the customers and retailers in the market.

This kind of system is also known as a consumer-driven economy.

Read more about the free-market system

brainly.com/question/6750227

#SPJ1

8 0
1 year ago
If they spend all night writing computer programs, Laurence can write 10 programs, and Carrie Anne can write 5. If they spend al
nikitadnepr [17]

Answer:

B. Laurence; both programs and sunglasses

Explanation:

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared to other people.

Lawrence produces more quantities of both programs and sunglasses (10,6) when compared with Carrie Anne (5,4)

I hope my answer helps you

7 0
4 years ago
(a) At a product price of $67.00 (b) At a product price of $42.00 (c) At a product price of $33.00 Will this firm produce in the
Nimfa-mama [501]

a) Yes, $67 exceeds the loss—minimizing output.

Using the MR

They will produce 9 units.

Profits per unit = $67 - $50 = $17

Total profit = $153.

(b) Yes, $42 exceeds the loss—minimizing output.

Using the MR

They will produce 6 units

Loss per unit is = $42 - $47.50 = $5.50

Total loss = $33 (= 6 x $5.50), which is less than the total fixed cost of $60.

c) No, because $33 is less than AVC. If it did produce, the quantity will be 4—By producing 4 units, it would lose $78 [= 4 ($33 - $52.50)]. and if they didn't produce, it would lose only the total fixed cost of $60.

3 0
4 years ago
_______ is the phenomenon of the shifting of individual management styles to become more similar to one another.
Minchanka [31]

Answer:

Convergence

Explanation:

Convergence meaning that the two different entities are coming together. It is also defined as the tendency of the group members to become more alike. It is also known as the company culture, in the sense, that the people who work there, tend to have the similar characteristics.

Therefore, the convergence is the phenomenon which states the shifting of the styles of the individual management in order to become more similar to one another.

3 0
3 years ago
Give at least two (2) relevance of entrepreneurship to SHS Students, elaborate your answer by giving example that will relate in
stiv31 [10]

Two relevance of  entrepreneurship to Students include:

  • Teaches them life skills.
  • Gives them options after leaving school

<h3>What is the relevance of entrepreneurship to students?</h3>

Students should be taught entrepreneurship skills because it can teach them some important skills in life such as problem-solving and creative thinking.

It would also give them an extra avenue to earn an income while still in school and when they leave school.

Find out more on the benefits of entrepreneurship at brainly.com/question/18294953

#SPJ1

6 0
2 years ago
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