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Lilit [14]
3 years ago
15

JetBlue’s "Even More Space" initiative allowed passengers to buy seats with more legroom for a slightly higher price. The initia

tive increased JetBlue’s profit margin. Which customer development strategy does this exemplify?
Business
1 answer:
8090 [49]3 years ago
7 0

Answer: Upselling

Explanation:

Upselling is a customer development strategy whereby the customers are encouraged to buy an upgraded or higher end version of a particular product. Upselling therefore results in the customers spending more than what they initially planned for and this bring about increase in revenue to the company.

Therefore, the customer development strategy exemplified by JetBlue is Upselling.

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The following exchange demonstrates which problem solving technique?
Klio2033 [76]

Answer:

a. Fishbone Diagram

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem.

2. Gathering of information.

3. Consider your options.

4. Weigh disadvantages and evaluate a solution.

A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.

Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).

Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.

3 0
3 years ago
Read 2 more answers
regarding open-end and closed-end investment companies, all of the following are true except a) both may be either diversified o
zimovet [89]

The false statement is both offer an unlimited number of shares in a continuous public offering. (option c)

<h3>What are open-end and closed-end investment companies?</h3>

Open-end investment companies are companies that allow investors invest in their company continuously through the purchase of their shares. On the other hand, closed-end investment companies close their company to new investors

An advantage of open-end investment companies is they are highly liquid. A disadvantage of open-end investment companies is the company is vulnerable from large inflows and outflow of investments.

An advantage of closed-end investment companies is they do not incur charges with regards to the redemption activities of investors. A disadvantage of closed-end investment companies is that investors cannot withdraw their funds until maturity.

To learn more about open-end investment companies, please check: brainly.com/question/20350725

#SPJ1

4 0
2 years ago
Instructions: Place the steps in the performance appraisal process in the correct order, from first to last. Rank the options be
raketka [301]

Performance appraisal is used to compare employee performance against some standards. The steps in the performance appraisal process are;

  • 1. Establishing Performance Standards
  • 2. Communicating Standards
  • 3. Evaluating Performance
  • 4.  Making Decision
  • 5. Discussing Results
  • 6. Taking Action

In the performance appraisal process, the supervisors will first establish the standards that will guide the operations of employees.

Next, they should inform the employees of those standards. They should examine the performances of their employees and make decisions on whether they performed well or not.

Then, they should discuss the results with them and take action on whether to reward or punish them.

Learn more here:

brainly.com/question/15169473

3 0
2 years ago
Retained earnings a.over time will have a direct relationship with the amount of cash on hand if the corporation is profitable.
Gwar [14]

Answer:

d.is the cumulative total of net income, minus net losses, and minus dividends.

Explanation:

As we know that

The stockholder equity statement involves the common stock and the retained earnings statement

It is prepared to find out the ending balance of common stock and the retained earning that is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income or minus net loss - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issuance of the shares

3 0
3 years ago
Shantel has a checking account balance of $318.59. She wrote a check to United farmers Market for $52.17. What is Shantel's new
AlladinOne [14]

Answer:

$266.42

Explanation:

$318.59-$52.17=$266.42

6 0
3 years ago
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