Answer:
The point of present perfect (e.g. has witnessed)is that it deemphasizes the time at which the event occured and even the number of times it occured,and emphasizes merely that there was at least one occurrence before the present.
Too many data collection channels could lead to several disparate customer sources, poor data quality, and an overwhelmed data crew.
To solve for multiple data collection channels, think about centralizing your data collection management methods by appointing a go-to data handler and systematizing your data collection strategy across departments. Your data handler can be the point of contact for data collection, ensuring data quality practices are upheld while focusing on the long-term goal.
Poor contact data
Your first challenge with loyalty programs: Get the customer to sign up. Factors such as the amount of time it takes to enter in their information and how personal the information required is, all impacts the consumer’s willingness to sign up. Not enough customers signing up understandably results in a more difficult time reaching these customers. However, sign ups mean zilch if contact data is inaccurate, as that also results in the inability to reach customers.
Solution: Implement a data quality solution. Our latest Global data management report found that the biggest ways poor data quality impacts retailers are wasted resources (45%), damages the reliability of analytics (39%), and negatively impacts reputation (35%). Whether you want to use data quality for predictive analytics to optimize consumer experience or implement a data cleansing tool, like address or email verification, taking control of your data will equip you with actionable and real-time insights.
3. Not having a data-driven culture
There is a sharp correlation between increased company profits and the amount of data quality solutions that are put in place. Not emphasizing data quality in your business can cost you far-reaching consequences, such as customer engagement, loyalty, and revenue.
Solution: Data quality should be prioritized as a key business focus. Loyalty programs need to be built on a solid foundation of data, but what does a good data foundation look like?
• Cleaning your existing data.
• Consolidating and deduping records.
• Ensuring newly collected data is accurate before it enters into CRM and other systems.
Reliable, clean data represents an opportunity to better understand your customers, drive actionable insights and optimize customer or prospect experience. When loyalty programs are the key to increasing revenue, customer retention, and lifetime value, you want to make sure your data quality initiatives are up to par.
Answer:
$3.35 per unit
Explanation:
The computation of the fixed cost per unit is shown below:
Given data
Total fixed cost = $764,000
Total cost i.e fixed cost + variable cost = $1,040,000
Total units produced = 200,000
The units is 228,500
So, the fixed cost per unit is
= Total fixed cost ÷ Number of units
= $764,000 ÷ 228,500 units
= $3.35 per unit
By dividing the total fixed cost with the number of units we can get the fixed cost per unit
Answer:
Doug Stamper
The CORRECT statement is:
b. Option A is the best choice because it has the largest present value.
Explanation:
a) Data and Calculations:
Option A: $2,000 per month for 84 months is worth PV = $136,906.08:
N (# of periods) 84
I/Y (Interest per year) 6
PMT (Periodic Payment) 2000
FV (Future Value) 0
Results
PV = $136,906.08
Sum of all periodic payments $168,000.00
Total Interest $31,093.92
Option B: $1,100 per month for 15 years is worth PV = $130,353.87:
N (# of periods) 180
I/Y (Interest per year) 6
PMT (Periodic Payment) 1100
FV (Future Value) 0
Results
PV = $130,353.87
Sum of all periodic payments $198,000.00
Total Interest $67,646.13
Option C: $125,000 lump sum today is equal to PV.
Answer: Land, Labor and Capital
Explanation: What are factors of production? factors of production are resources a firm uses to produce goods and services. There are Four Major Factors of Production and they are:
1. Land
2. labor
3. Capital
4. Entrepreneur
Each of the above stated factors have a place in the production of goods and services that are the building blocks of any economy.
They are also divided into Primary and secondary factors:
Primary factors are: Land, Labour and Capital while the secondary factors are materials and energy.