Answer:
The correct answer is A) omnichannel marketing
.
Explanation:
The goal of omnichannel marketing is to see the overall customer experience from the perspective of the customer to better understand their shopping days and meet their unique purchase needs.
Omnichannel marketing is an essential strategy for those who want to reach a wider audience and interact effectively with customers. In fact, 62% of marketing specialists currently have or plan to implement an omnichannel strategy, and 70% believe that omnichannel marketing is important or very important.
Answer:
The investment of $1000 that yields 12% interest per year would become $2000 in 6 years' time as shown by the calculation below
Explanation:
In determining the how long it would take for the investment to become $2000, the future value formula stated below is used.
FV=PV*(1+r)^N
FV is the $2000
PV, present value is $1000
r is the rate of return at 12%
2000=1000*(1+0.12)^N
2000/1000=1.12^N
2=1.12^N
by taking log of both sides the equation becomes
ln 2=N ln 1.12
N= ln 2/ln 1.12
N=6.116255374
approximately N is 6 years
Answer: See explanation
Explanation:
a) What is the economic order quantity?
This will be:
= ✓[(2 × Demand × Ordering Cost)/(Holding Cost)]
= ✓(2 × 15700 × 77 / 22)
= ✓109900
= 331 approximately
b) What are the annual holding costs?
Holding Cost = Average Inventory × Holding cost for item
= 331/2 × $22
= $3641
c) What are the annual ordering costs?
This will be calculated as:
= (Annual Demand/EOQ)*Ordering Cost
= (15700 / 331) × 77
= $3652
d) What is the reorder point?
Reorder point = Daily Demand × Lead Time
= (15700/300) × 3
= 157 units
Answer: Listen to the consumer
Explanation: In simple words, the employees working at the cancellation desks are the parts of customer relationship management. CRM involves interacting with the customers and providing them best service so that they enjoy a healthy experience with the organisation.
In the case of flight cancellation, the employees should listen to them properly as if in extreme cases any kind of alternative is possible then such customer must be helped.
