Consumers will buy and continue to buy then will have either positive or negative opinions concerning the product. They will give complaints, useful feedback, and ways that the product could better itself either directly to the creators or indirectly through social media etc. This is the influence that consumers have on the advancement of products.
Answer:
A job-sharing plan.
Explanation:
Job sharing is a kind of adaptable work plan in which two individuals work part-time timetables to finish the work one individual would do in a solitary all day job.
Answer:
True
Explanation:
Identifying your sources help your audience believe that your information is reliable.
The formula for calculating the lifetime value of a customer the amount a person will spend MINUS the cost to maintain the relationship
<u>Explanation:</u>
Any company must measure the customer lifetime value for its success. Customers are the important factor that decides the growth of any business. They play an important role of buying the goods and services produced by any business. It is required to know how much it costs to attain new customers than retaining the older customers.
By measuring the CLTV, a company can make better decisions like the goals related to marketing, reduction in the cost related to acquisition, customer retention,etc. CLTV can be measured by subtracting the amount spent by a customer from the total cost that is spent in maintaining the relationship with that customer.
Answer:
b. False
Explanation:
Firms are not in competition with many other firms in every market structure. Some market structures such as monopolies or oligopolies feature either one single firm, or only a few firms, that frequently collude instead of competing.
Not all firms leave the market as soon as they lose profits. Some do, but others stay. A monopoly can survive decades without increasing its profits.
Not all firms will try to maximize profits, some will try to maximize market share instead, especially in perfectly-competitive market structures.
Not all firms face a horizontal demand curve. In some market structures, demand can be very dynamic, either sloping upwards (increasing) or downwards (decreasing).
