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Olin [163]
3 years ago
15

Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its custome

rs. Using this information, Mauve is able to identify the individual needs of all its customers and provide tailored products and services. This scenario illustrates the concept of:
Business
1 answer:
Lesechka [4]3 years ago
3 0

Answer:

Mass customization

Explanation:

Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.

Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .

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To have all interactions with a customer recorded in one place and readily accessible to employees on a need-to-know basis when
Elis [28]

Answer:

Customer Relationship Management (CRM)

Explanation:

The core of every CRM system is the gathering and securing of customer information. It all starts there in a complete customer database, later that information is analyzed, shared and updated.

CRM is extremely useful for retaining current customers (increasing customer loyalty) and gaining new ones.

3 0
3 years ago
Read 2 more answers
Fit & Slim (F&S) is a health club that offers members various gym services.
Hoochie [10]

Answer:

a. they are separate performance obligations

normal price of annual membership = $1,140

one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60

total $1,200

% of price allocated to:

annual membership = ($1,140 / $1,200) x $1,100 = $1,045

discount voucher = $1,100 - $1,045 = $55

b. the journal entry should be

Dr Cash 1,100

    Cr Unearned revenue, membership fees 1,045

    Cr Unearned revenue, discount voucher 55

6 0
3 years ago
Suppose that the U.S. textile industry is competitive and there is no international trade in textiles. In long-run equilibrium,
MaRussiya [10]

Answer:

Since we are not given the equilibrium price or quantity, I drew a graph showing Pe and Qe as them.

If foreign firms start selling in the domestic market at a higher price, then the curve shouldn't modify, but if they start to sell at a lower price, the equilibrium price and quantity will shift to the left.

Pai = price after imports

Qai = quantity after imports

The second graph shows the equilibrium point for an individual firm.

7 0
3 years ago
Personal finance and I need help
Alex777 [14]
A. It is decreased by 50,000 (I'm 50% sure)
6% of 50,000 is 3,000
3 0
3 years ago
Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the s
Alchen [17]

Answer:

In the first step jessica should discuss the basic and general ideas of creating business.

Explanation:

As mentioned in the question jessica teaches business studies in a college and she has to demonstrate her students the steps which would be involved in the starting of a business.

So, she has thought to demonstrate the ideas in a sequential order with proper examples and all the steps should be explained nicely.

So,here in the first step she will need to:

Start with the most basic and general idea of creation of  new business.

Here we should know why a business basic idea so important:

  • Because a proper plan will only lead to a business reality.
  • The idea will work as a blueprint in the guidance of business
  • The best idea will progressively lead to well settled company from a start-up.
7 0
3 years ago
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