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guapka [62]
3 years ago
6

Techniques in identifying customers' needs and wants

Business
1 answer:
Rainbow [258]3 years ago
4 0
Good customer research is a very important part of the business, because knowing what the customers want and why they want that will help in better sale.Some of the techniques of <span>identifying customers' needs and wants are:
- Interviewing customers
- Conducting voice and customer surveys
- Analyzing your competition
- Interviewing stakeholders and obtaining the data they have

</span>
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Jeff, the owner of the toy box (a toy store), has chosen his products carefully. they are all handmade of wood; none are cheap g
AlladinOne [14]
All of Jeff's activities are aimed at giving Jeff a sustainable competitive advantage through Strategic Positioning. Strategic positioning attempts to achieve a sustainable competitive advantage by preserving what is distinctive about a company.  A company has a sustainable competitive advantage when it acquires some qualities or attributes which are different from other competitors in the market and which makes it outstanding in the market, and when these advantages last for many years, then they are known as sustainable competitive advantages.
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3 years ago
All else equal, an increase in savings will cause capital stock to:
ElenaW [278]
<span>If all else equal, an increase in savings will cause capital stock to increase. Capital stocks signifies the position of the economy's productivity. If there is more savings, there is the possibility of increase in accumulating capital because business owners can buy new equipment or add new workers. But sometimes, it does not necessarily mean that if there is higher savings, there is also higher investments and may not lead the people to invest more.</span>
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3 years ago
Sometimes called the coverage ratio, this ratio measures the risk that interest payments will not be made if earnings decrease.
tester [92]

Answer:

The correct answer is letter "B": Times Interest Earned Ratio.

Explanation:

Times Interest Earned (TIE) ratio or the coverage ratio tests the capacity of a company to pay off its debts. TIE is calculated by dividing the company's earnings before interest and taxes by the interest that is payable on its debts. A low ratio means the company struggles to pay its debt, and if it fails to meet its obligations, it may face bankruptcy. A high ratio means that an organization can cover its expenses.

7 0
3 years ago
The Callie Company has provided the following information: Operating expenses were $244,000; Cost of goods sold was $378,000; Ne
creativ13 [48]

Answer:

Callie's Gross Profit is $562000

Explanation:

Gross profit is the profit earned by a business after deducting the costs associated with producing or selling its goods (for manufacturing and trading businesses) or the costs associated with providing the services (for service businesses) from the net revenue.

It is the profit from the trading section of the business before deducting the operating and financing expenses of the business and before adding any other income.

The gross profit is simply calculated as follows,

Gross Profit = Net Revenue - Cost of Goods Sold

Callie's gross profit = 940000 - 378000

Callie's Gross Profit = 562000

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Ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. by how muc
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<span>If the ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account, then $ 1,287 is the amount for the money supply to increase if the fed lowers the required reserve ratio to 7%.</span>
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3 years ago
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