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3 years ago

Is there really a need to develop training improve customer service? Why?

Business

1 answer:

il63 [147K]3 years ago

7 0

Answer:

Yes

Explanation:

The customer must feel happy, and comfortable in the environment that shopkeeps set up. An unhappy customer is far less likely to purchase in quantity and may be less attracted to products. The experience of shopping must be positive if the manager wishes to succeed.

Examples may be seen in MacDonalds, where the "Happy" meal exists, where bright colours are used and service must be supportive of the customers needs and thoughts.

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Your break-even point is 3,000 units. You make $5 on each unit; that is, your price minus variable cost is $5. What are your fix

shepuryov [24]

The fixed cost is $15000

Explanation:

Given:

Break even point = 3000 units

Each unit = $5 → (Price - variable cost = $5)

Fixed cost, x = ?

We know,

Break even point = fixed cost / (Price - Variable cost)

On substituting the values:

$3000 = \frac{x}{5} \\\\x = 15000$

Thus, the fixed cost is $15000

7 0

3 years ago

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) ha

Mekhanik [1.2K]

Answer:

See explanation section

Explanation:

Requirement A

Cash Debit $253,000

Sales revenue credit $253,000

Note: To record the sales on cash with no terms and conditions

Cost of goods sold debit $141,870

Merchandise inventory credit $141,870

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement B

Customer refunds payable debit $1,600

Cash credit $1,600

Note: Campus Stop, Inc. refunded cash to the customer because of unsatisfactory merchandise.

Merchandise inventory debit $650

Estimated returns inventory credit $650

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory returned journals.

Requirement C.

Accounts receivable debit $10,000

Sales revenue credit $10,000

Note: To record the sales on account with no discounting terms but has to receive the payment within 30 days.

Cost of goods sold debit $4,500

Merchandise inventory credit $4,500

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement D and E.

D. Cash Debit $5,000

Accounts receivable Credit $5,000

Note: Collected half of the balance owed by the customer in transaction c.

E. Cash debit $3,400

Merchandise inventory debit $1,600

Accounts receivable credit $5,000

Note: Receive the remaining payment from the customer by granting a discount assuming the buyer paid the remaining part earlier than expected.

5 0

3 years ago

If the central bank increases the amount of reserves banks are required to hold to 20%, then?

dalvyx [7]

If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.

<h3>What are the Functions of central bank?</h3>

The central bank oversees and manages the nation's foreign exchange while also serving as the technical advisor to the government on matters related to foreign currency policy. The central bank's role is to prevent volatility in foreign exchange rates and to promote stability. Implementing monetary policy and managing the money supply are the responsibilities of central banks, which are frequently tasked with preserving low inflation and steady GDP growth. To manage the cost of borrowing and lending across an economy, central banks have an impact on interest rates and take part in open market activities.

An organisation that controls a state's or formal monetary union's commercial banking system and regulates its currency and monetary policy is known as a central bank, reserve bank, or monetary authority. A central bank has the exclusive right to expand the monetary base, unlike a commercial bank.

Hence, If the central bank increases the amount of reserves banks are required to hold to 20%, then: both the money multiplier and supply of money in the economy will decrease.

To learn more about central bank refer to:

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1 year ago

Suppose the marginal propensity to consume is 0.8 and the government cuts taxes by $40 billion. real gdp will _____ by _____.

Dmitriy789 [7]

If the government cuts taxes by $40 billion, this puts more money in consumers' pockets. Given an MPC of 0.8, this means they will spend $32 billion

Evaluating :

(0.8 × $40 = $32).

The correct answer is an increase of $32 billion.

GDP:

Gross domestic product (GDP) is a measure of the final goods and services produced with a specific region over a specified period of time. It is computed as follows:

GDP = Consumption + Government Spend + Investment + Net Exports

What is Marginal Propensity to Consume (MPC)?

Marginal propensity to consume (MPC) is measured as the portion of an increase in pay that a consumer would spend on goods and services as opposed to saving. Essentially, it is measuring how sensitive consumption in an economy is to increases in income. MPC is important in economics because it illustrates the effect that increased government spending has on the economy.

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8 0

2 years ago

Which of the following terms means that people want more things than they can easily acquire? Select one of the options below as

Flauer [41]

The answer is d scarcity! This is because economics is the overall study of the economy, supply is the product or service sold in economics, and demand is the want for certain products or services. Scarcity is when there is few of certain items so people want more than they can get.

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3 years ago

Is there really a need to develop training improve customer service? Why?​

Is there really a need to develop training improve customer service? Why?