Answer:
These are the options for the question
A. Customer Profitability Estimation
B. Consumer Worth Evaluation
C. Customer Lifetime Value
D. breakeven point
E. cost per order
And this is the correct answer:
C. Customer Lifetime Value
Explanation:
Customer Lifetime Value is the assessment of the value that a particular customer will add, or give to a company, during his or her lifetime.
Tyche Inc. is focusing on customer lifetime value because its business strategy consists in catering to loyal customers who are likely to spend money on the company during an important percentage of their lifetimes.
Answer:
C
Explanation:
Substitute goods are goods that can be used in place of each other by consumers.
If the price of bicycles declines, there would be a movement down along the demand curve for bicycles.
The decrease in the price of bicycles leads to a shift in the demand curve for skateboards and not a movement along the demand curve for bicycles.
If the price of bicycles decreases, consumers would increase their demand for bicycles and demand less of skateboards. This would lead to a leftward shift of the demand curve for skateboards or a decrease in the demand curve for skateboards
Explanation:
The consumer won't want to buy cassettes because most music players are cd players if not even that. Plastic, time, money, and labor would be wasted.
<span>The journal entry to record the initial write-off includes is allowance for doubtful accounts. Allowance for doubtful accounts is a contra account to accounts receivable, and therefore has debit balance. It also needs to be diminished because you already used the bad debt when you make the allowance.</span>
