Answer:
<u>Limited Relationships</u>
Explanation:
Customer Relationship management (CRM) refers to the practices and policies followed by an organization w.r.t interaction with it's customers. The concept lays emphasis upon creating healthy customer relationships and solving customer questions and queries in the most efficient manner.
CRM in a way represents the technology or platform a company uses so as to manage it's external interactions with customers.
Software, artificial intelligence, etc represent some of the areas wherein CRM has grown technologically.
The given case points towards the existence of a transactional relationship i.e relationships which is limited only till the transactional level. Under this, the company's does not exactly establish relationship with customers.
Answer:
Economic recession
Explanation:
A recession occurs when an economy faces a negative real GDP for two successive quarters or more. In a business cycle, the recession would be a period that occurs between the peak and the trough.
A recession can be caused by many factors:
1. High interest rates
2. High unemployment
3. Low consumer and business confidence
It is possible to say that all factors are interconnected. For example, when interest rates are higher, it means that people will spend less on borrowed money, as now borrowing money is more costly. This in turn means that demand for products are lower, leading to lower business confidence. When sales are low, businesses may attempt to cut back on costs to ensure profits. This can take the form of laying off workers. Hence, unemployment in the economy will increase. Consumer confidence will also plummet.
Some consequences may include:
1. Fall in inflation: As aggregate demand in the economy falls, price levels will fall. Thus, reducing inflation.
2. Government deficit: the government may have to start spending more on expenditures such as unemployment benefits. On the other hand, income generated from corporate/income taxes will fall. Fall in income and rise in expenditure causes a deficit.
3. Environmental pollution is less: Due to less movement in the economy, polluting factors such as factory smoke, vehicle congestion and waste send to landfill will be much lesser. This would prove to be beneficial for the environment.
Answer:
The correct answer to the following question is option B) The government should use the contractionary fiscal policy to shift the aggregate demand to the left .
Explanation:
In the situation where inflation is rising at a fast speed in the economy, then government needs to use contractionary fiscal policy in which government will decrease their spending and increase the taxes in order to decrease the spending of people and the aggregate demand ,which will then ultimately lead to shift in the aggregate demand towards the left.
Answer:
$747,000
Explanation:
Calculation to determine What amount of inventory should Arendelle report on its balance sheet as of December 31
December 31 Inventory $667,000
Add Second shipment f.o.b. shipping point of $80,000
December 31 Inventory $747,000
($667,000+$80,000)
Therefore What amount of inventory should Arendelle report on its balance sheet as of December 31 is $747,000
Answer:
i assume you are referring to variable as economic 'indicators'
Economic performance can be measured by a number of goals the government sets. for example, a lower unemployment rate, price stability or economic growth.
In terms of indicators:
economic growth would be indicated by GDP growth
Unemployment (obviously just by the unemployment rate)
And, price stability/inflation would be indicated by the change in CPI (consumer price index) otherwise called the inflation rate.
