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Business

1 answer:

bearhunter [10]3 years ago

5 0

Answer:

Customer relationship management (CRM).

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, these 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 is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers. The fundamentals of customer relationship is based on improving marketing communications, sales support, technical assistance and customer service so as to bring satisfaction to the customers.

Hence, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.

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The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.

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To begin with, the concept known as ''price-responsive'' in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.

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The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.

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Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."

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2 years ago

Dunavant Service Company views share repurchases as treasury stock. Dunavant purchased shares and then later sold the shares at

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The correct answer is Retained earnings: no effect; Paid-in capital: increase

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Expenditure by business on capital goods is known as what

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Capital Expenditure or Investment Spending mainly deals with business expenditure on capital goods or factor/inputs of production which are used in the production process.

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