Answer:
Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.
Explanation:
It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.
Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.
Complete question reads;
Which of the following is not a reason Best Buy has had a hard time competing with Amazon? Multiple Choice
a. Best Buy decided to bring in Hubert Joly as CEO to replace Brian Dunn.
b. Amazon has many strategically located distribution centers across the United States.
c. Best Buy had significant expenses that did not help improve sales.
d. Amazon has a deep supply of products to draw from.
e. Best Buy has faced some key leadership challenges.
Answer:
a
Explanation:
Noteworthy is the fact that Hubert Joly's arrival into Best Buy was indeed a blessing to the company because within a year after he came in 2012, the company's stock value more than doubled in 2013.
He further improved the company's customer interactions, plus greater price competitiveness during his leadership.
<span>ABC, Incorporated desires to have the most qualified people in every position throughout its organization. This is an example of a concern for human capitol</span>
I don't understand what your asking?
Answer:
The correct answer is option D.
Explanation:
The price of a 12 ounce can of CheapFizz is 75 cents.
After a deal with State U, CheapFizz gets exclusive rights to sell soft drink on the campus.
This makes CheapFizz a monopoly firm.
A monopoly firm is a price maker and produces at the point where the marginal cost is equal to marginal revenue. At this point the output level is lower than socially optimal and the price level is higher than socially optimal.
This means that the price of CheapFizz cans will be more than 75 cents after the deal.