Bentley will likely use the firm's <u>CRM databases</u> to identify these customers.
<u>Explanation</u>:
CRM databases collect information about the customers. It can be used to identify the best customers. The database stores the annual sales report.
CRM is a customer relationship management that manages the interaction between company and customers.
CRM database holds all the data related to the customers like their name, email address, age, Skype address and occupation details.
In the above scenario, Bentley can use CRM database to filter twenty valuable building contractor customers and invite them for golf outing and party.
Answer:
$22,000
Explanation:
Data provided
Credit balance = $20,000
Credit amount = $2,000
The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-
The Amount for service revenue = Credit balance + Credit amount
= $20,000 + $2,000
= $22,000
Therefore we have applied the above formula for determining the Amount for service revenue.
Answer: more; externality; market power.
Explanation:
Bakers are much (more) likely to supply pastries to the market if property rights are not enforced.
a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - Externality
Externality, refers to the benefit s or costs that someone else incurs based on the economic decision of another person. In this case, this is a negative externality as the small town bears the cost of the production activities of the company.
b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity - Market power
Market power is when a firm is able to dictate the price and can then raise the price. This brings about the reduction in output as well. Since the single public utilities company is responsible for supplying electricity for an entire state, the company is enjoying monopoly power or market power.
Answer:
False
Explanation:
Six sigma is a tool used by organizations to improve their processes and reduce defects, to improve quality of their products or services.
<u><em>It focuses on reducing variation in the business processes (from manufacturing, sales, delivery, to customer service), to reduce defects and increase the quality of goods and services</em></u><em>.</em> <em>It also generally improves organizational performance and increases profit.</em>
Six sigma does NOT focus on customers feedback to reduce variation and waste.
Answer:
A) cost
Explanation:
In economics, the cost of production is defined as the expenditures incurred to obtain the factors of production.
