Complete Question: Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to ________.
A) reduce the rate of customer defection
B) make low-profit customers more profitable
C) enhance the growth potential for each customer through cross-selling
D) increase the longevity of the customer relationship
E) focus disproportionate effort on high-value customers
Answer:
B) make low-profit customers more profitable
Explanation:
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to make low profit customers more profitable.
The basic logic behind this strategy is that when customers find something coming free, then they start taking it for granted, they don't pay much attention to it, therefore, when the some services are free, customers will not be spending much on them, like upgrading, monthly plan up-gradations, monthly or annual subscriptions. Consequently, to turn the those customers into highly valuable customers, companies charge for the services which were free of cost in the past.
<u>Answer:</u>
Liquidity ratios measure (C) the extent of a firm's financing with debt relative to entity.
<u>Explanation:</u>
Liquidity ratio is used in determining a company's ability to pay off all the current debts without taking or raising any external capital. It measures the company's ability whether the company is able to pay their debts or not through the calculation of "CURRENT RATIO" (It tells the investors how they can maximize the assets to satisfy their current debts), "QUICK RATIO" (It shows the company's ability to use it cash/assets and pay off its current debts. It is also known as acid test ratio) and "OPERATING CASH FLOW RATIO" (this helps in measuring how much the current debts can be paid off by the cash flow which is generated by the company's operation).
I would start off by greeting the student and ask how you can get involved.
“Good afternoon *name*,
I hope you’re doing well. I wanted to ask you about being featured in the Goal page in the yearbook! *explain what you’re doing and why you would be a good fit for the page, you can just say that you’re doing this and think it’s pretty cool to do* Thank you for your time.
Sincerely,
*your name*
Answer: See explanation
Explanation:
Here is the complete question:
Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.
a. What is the economic ordering quantity?
b. How many orders will be placed during the year?
c. What will the average inventory be?
a. Annual Demand = 9800 pipes
Cost per order = $6
Carrying cost per unit = $1.5
EOQ = ✓[(2 x Annual demand x cost per order)/carrying cost per order]
= ✓2 × 9800 × 6/1.5
= ✓78400
= 280 units
b. Number of orders orders placed would be:
= 9800/280
= 25 orders
c. Average inventory would be calculated as:
= 280/2
= 140 units