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Darya [45]
3 years ago
8

One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to

go around. Changing demographics, sophisticated competitors, and overcapacity in many industries are some of the reasons for this. As a result:_________
a. the costs of maintaining existing customers are declining.
b. the costs of attracting new customers are declining.
c. the cost of giving incentives to existing customers all the time is low.
d. the costs of attracting new customers are rising.
Business
1 answer:
maria [59]3 years ago
8 0

Answer: d. the costs of attracting new customers are rising.

Explanation:

Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.

Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.

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Kenneth wants to start a new business. To get start-up capital, he takes a short-term loan from a bank. The bank agrees to provi
Scilla [17]

Option D

Revolving credit agreement short-term financing sources Kenneth utilizes to fund his business in the given scenario

<h3><u>Explanation:</u></h3>

Revolving credit means is a line of credit that is established among a bank and a business. It has an organized peak amount, where the firm has a way to the funds at any time when demanded. It is required for companies that may seldom hold low cash surpluses to continue their networking capital demands.

Because of this, it is frequently regarded as a kind of short-term funding that is normally paid off suddenly. To begin the loan, a bank may impose a commitment fee. This remunerates the bank for holding an open way to a potential loan, where interest fees are only initiated when the revolver is carried.

6 0
3 years ago
A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.
Ad libitum [116K]

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: brainly.com/question/1490525

5 0
2 years ago
A company makes two products, A and B. A sells for $100 and B sells for $90. The variable production costs are $30 per unit for
Slav-nsk [51]

Answer:

True

Explanation:

Profit function would be maximised.

Profit = Revenue - Cost

Let units of both goods be = A ,B

Revenue per unit good A = 100

Revenue per unit good B = 90

Variable Cost per unit good A  = 30

Variable Cost per unit good B = 25

Profit Function = (100 - 30)A + (90 - 35)B

= 60A + 65B

{The function is right without including 'average fixed cost' part of 'total cost' in the function because : average fixed cost is a constant & constant figure doesn't effect optimisation (via differentiation , ∵ d (c) = 0)

5 0
3 years ago
A collection of data recorded over a weekly, monthly, quarterly, or yearly time interval is known as _______.
Anit [1.1K]

Answer:

Time series

Explanation:

A time series is a sort of data sequence or the collection of the data in which the data is measured or observed over the equal intervals of time over a period of time.

Therefore,

The sequence achieved is discrete time data.

This can be applied to the following type of data;

  • Real-valued
  • Continuous data
  • Discrete numeric data
  • Discrete symbolic data
8 0
3 years ago
Eojfwhiqpiw'nd3ojq'3e
mel-nik [20]

Answer:

heh

Explanation:

8 0
3 years ago
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