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aksik [14]
3 years ago
10

Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments

about the computers and software it sells. Why is it important for this company to encourage customer feedback
Business
1 answer:
Oliga [24]3 years ago
5 0

Group of answer choices.

A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

C. Negative consumer feedback can actually attract more customer interest in the product.

D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.

E. Consumers are more likely to say positive things about companies that value their opinions.

Answer:

B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.

Explanation:

Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.

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Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $2
AlladinOne [14]

Answer:

$37,000 and $13,000

Explanation:

The computation of the accounting profit and the economic profit is shown below:

Accounting profit = Total revenue - explicit cost

where,

Explicit cost = cost of helper + annual rent + material cost

                    = $12,000 + $5,000 + $20,000

                    = $37,000

So, the accounting profit is

= $72,000 - $37,000

= $35,000

And, the economic profit is

= Revenue - explicit cost - implicit cost

where,

Implicit cost = renting equipment + working for competitor + worth of entrepreneurial talents

= $4,000 + $15,000 + $3,000

= $22,000

So, the economic profit is

= $35,000 - $22,000

= $13,000

4 0
4 years ago
PLEASE HELP!!!!
Stells [14]

Answer:

They will have a greater amount of financial income

5 0
3 years ago
is derived at the point where the marginal revenue product of labor is equal to the marginal factor cost of labor. quizlet
valina [46]

The profit maximization is derived at the point where the marginal revenue product of labor is equal to the marginal factor cost of labor.

Reason :

The profit maximization level is the point at which marginal cost equals marginal revenue. In this case, the marginal cost of labor is the labor wage. Thus, the profit maximization point for the employer is the point at which wage equals the marginal revenue product of labor.

What is the marginal revenue product of labour equal to?

The marginal revenue product of a worker is equal to the product of the marginal product of labor (MPL) and the marginal revenue (MR) of output, given by MR×MPL = MRPL. This can be used to determine the optimal number of workers to employ at an exogenous determined market wage rate.

What is the derived demand of labor curve?

The firm's demand for labor is a derived demand; it is derived from the demand for the firm's output. If demand for the firm's output increases, the firm will demand more labor and will hire more workers. If demand for the firm's output falls, the firm will demand less labor and will reduce its work force.

Learn more about Marginal revenue :

brainly.com/question/14977121

#SPJ4

8 0
2 years ago
Holly would like to plan for her daughter's college education. She would like for her daughter, who was born today, to attend co
dusya [7]

Answer:

Holly saved $3,362.76 at the end of each year.

Explanation:

Solution

Given that:

We solve for the computation  of Tuition Fees given as:

First Year tuition fees will be $13,000 with inflation at 7% for 18 years.

That is, $13,000 * (1.07)^18 = $13,000 * 3.38 = $43,940

Now,

For the remaining three years we have the following given below:

College Year 1= $43,940

College Year 2 = $47,015.80, $43,940 * 1.07

College Year 3 = $50,306.91, $47,015.80 * 1.07

College Year 4 = $53,828.39, $50,306.91 * 1.07

Thus,

The Present Value of the college fees at the beginning of college at 10% is given as follows:

Year          PVF at 10%        College Fees       Present Value

1                     0.91                $43,940.00     $39,985.40

2                    0.83                $47,015.80     $39,023.11

3                    0.75                $50,306.91     $37,730.18

4                    0.68                $53,828.39     $36,603.31

TOTAL :                                                         $153,342.00

Thus,

Holly should have accumulated $153,342 till beginning of her daughter's college.

Let us recall  the accumulation factor for annual annuity is given as:

(1 + .10)^18 - 1/. 10

=45.60

Therefore, the Annual Investment should be $153,342 / 45.60

= $3,362.76

     

6 0
3 years ago
Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What
navik [9.2K]

Answer:

The property will be transferred according to the Statute of Descent and Distribution.

Explanation:

Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.

When this happens the descent and distribution statute comes into play.

The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.

The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.

In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.

6 0
3 years ago
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