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3 years ago

How do you think customer service can contribute to a retail business?

Business

1 answer:

rosijanka [135]3 years ago

6 0

Answer:

In retail, examples good customer service include remembering and appreciating repeat customers, forging a local connection with shoppers, putting your product knowledge to good use, and more.

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Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determi

Tema [17]

In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good can be regarded as product or service that is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

This is referred to as <u>positive cross price elasticity.</u>

Learn more about substitute good at:

brainly.com/question/10504938

8 0

2 years ago

The market price of a security is $25. Its expected rate of return is 12%. The risk-free rate is 4% and the market risk premium

Mama L [17]

Given Information:

Market price of security = $25

Expected rate = 12%

Risk-free rate = 4%

Market risk premium = 6%

Answer:

New market price of security = $15.03

Explanation:

The new market price of security can be calculated by,

P = Dividend/Expected return

Where Dividend is given by

Dividend = Market price*Expected rate

D = $25*0.12

D = 3$

Expected return is given by

Expected return = Risk-free rate + β*(market risk premium)

β can be calculated as

β = (Expected rate - Risk-free rate)/market risk premium

β = (12 - 4)/6

β = 1.33%

Since it is given that correlation coefficient with the market portfolio doubles, therefore, β will get doubled too because they are directly proportional.

β = 2*1.33%

β = 2.66%

So the Expected return is

Expected return = 4 + 2.66*(6)

Expected return = 19.96%

So the new market price of security is,

P = Dividend/Expected return

P = 3/0.1996

P = $15.03

4 0

3 years ago

In applying the high-low method, what is the fixed cost? month miles total cost january 80,000 $144,000 february 50,000 120,000

kupik [55]

The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875

Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750

fixed cost=120,000−93,750=26,250

5 0

3 years ago

When a factory is operating in the short run,

kirill115 [55]

Answer:

B. it cannot adjust the quantity of fixed inputs

Explanation:

The short run is the conceptual time period where at least one factor of production is fixed in amount while other factors are variable in amount.

Fixed costs have no impact on a firm's short run decisions

3 0

3 years ago

The local government decides to impose a sales tax on some selected items. On item X the final prices increases almost the full

Aloiza [94]

Answer:

It isn't a violation of the law of demand. It is as a result of the elasticity of demand.

A tax is a compulsory sum levied on a good or service. Taxes increases the price of products. In determining whom should bear the greater burden of the tax between the consumer and the seller, elasticities are usually considered. The party with either a relatively inelastic supply or demand bears the greater burden of tax while the party with the more elastic demand or supply bears less burden of tax.

Demand (supply) is elastic if a small change in price has a greater effect on the quantity demanded (supplied).

Demand (supply) is inelastic if a small change in price has little or no effect on the quantity demanded (supplied).

For good X, consumers have an inelastic demand so they bear more of the tax Burden. As a result of the tax, price increases, yet the quantity demanded doesn't change. Therefore, the total revenue would rise.

For good Y, consumers have an elastic demand. Therefore, they bear less burden of tax. As a result of the increase in price, the quantity demanded falls and total revenue falls.

Explanation:

5 0

3 years ago