Answer: Customer Relationship Management.
Explanation:
Customer Relationship Management or CRM is a business management model that is based exclusively on the relationship between staff and their current and potential customers. His primary focus is customer retention and driving sales by attracting new customers.
To obtain new clients, they use computer software to expand their database, meet the needs of their clients, and expand their marketing process.
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Answer: Sky's effective interest rate on this loan is 8.39%.
In this question, we assume that interest is compounded annually.
Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.
Face value of the note $16 million
Discount Rate p.a 8%
Tenure of the note 7 months
[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]
So, Sky pays an interest of 0.746666667 on a sum of 15.25333333 for 7 months. This works out to a seven month interest of:
From this we can work out the effective interest rate for Sky as follows:
Answer:
The minimum selling price = $23
Explanation:
The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.
The relevant variable cost = marginal cost of a unit
Marginal cost = Direct material + Direct labour + Variable manufacturing overhead + shipping cost
Marginal cost = 9+ 7 + (50%× 8) + 3= 23
The minimum selling price = $23
Note : The 50% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.
The percentage nominal GDP change is 20%
The Real GDP growth is 15%
Explanation:
GDP is the final value (market) of all final services and goods produced during a financial year.
Since prices of the goods and services fluctuate with time, hence to get a real idea of economic growth, economist calculate two types of
Nominal GDP- GDP of the economy calculated at the current prices. This GDP does not factor the inflationary effect on the GDP calculation.
Real GDP- This is the original increment/decrement in the net price of final goods and services in a year. Real GDP adjusts the inflationary effects component on the GDP calculation.
Nominal GDP is the previous year- $10 billion
Final nominal GDP- $12 billion
% change in the nominal GDP= (final GDP-GDP in the previous year) *100/GDP in the previous year
% change in the nominal GDP= (12-10) *100/10
% change in the nominal GDP=20%
Inflation in the Econland= 5%
Real GDP change= Change in Nominal- inflation rate
Real GDP change=20%-5%
Real GDP change=15%