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Inessa05 [86]
3 years ago
7

According to the mini-lecture and text, ___ % of a manufacturer's profit comes from repeat purchases and as a result this is why

lifetime customer value (LCV) is so important.
Business
1 answer:
r-ruslan [8.4K]3 years ago
8 0

<u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.

<h3>What is Lifetime Customer Value (LCV)?</h3>

Lifetime Customer Value is the entire contribution of a customer to a brand or business enterprise over the course of their relationship.

It's an essential metric since keeping returning customers requires less than acquiring new ones, thus improving the value of your existing customers is an excellent strategy to generate growth and profit.

Therefore, we can conclude that <u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.

Learn more about Lifetime customer value here:

brainly.com/question/26483324

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Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
A trust deed gives the lender a right to request that the trustee perform certain tasks in order to fulfill the terms of the tru
Ganezh [65]

Answer:

Naked Title

Explanation:

The naked title entitles in the title holder to enforce trust to comply with the clauses of the agreement because this right is given to the trustee. Such titles does not possesses any sort of rights of the ownership of asset and its use. So the only purpose includes the tax benefits and the enforcement of the compliance with the clauses of agreements.

4 0
3 years ago
Jill is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers,
tigry1 [53]

The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>

<h3>What are cognitive limitations?</h3>

Cognitive limitations are the human and information processing restrictions imposed on decision-making.  The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions.  They cause errors in decision-making.

The implication of Jill's action is that she might be making the wrong decisions.

<h3>Answer Options:</h3>

A) cognitive limitations.

B) optimal decision making.

C) the illusion of control.

D) escalating commitment.

Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.

Learn more about cognitive limitations at brainly.com/question/13649097

7 0
2 years ago
Another term for the cash-and-carry purchasing procedure is: Question 2 options: a) stockless purchasing b) forward buying c) fi
satela [25.4K]

Answer:

Will call purchasing

Explanation:

Cash and carry also known as "will call purchasing" or "carry trade" is a sales strategy or method of purchase in which a customer must pay for an item immediately and must take the item with them. It eradicates all forms of credit sales.

Cash and Carry involves paying for an item and taking it along with you. There is no space for future delivery and it doesn't include delivery cost in the price of an item.

Pickup can't be delayed to a later date.

5 0
3 years ago
Bernie is a former executive who is retired. This year Bernie received $250,000 in pension payments and $10,000 of social securi
Valentin [98]

Answer:

The correct option is B

Explanation:

The gross income of Bernie would be

Individuals include only 85% of the social security benefits in their gross income

So,

= $10,000 × 85%

= $8,500

Gross Income = Pension Payment + Social Security payment

                        = $250,000 + $8,500

                        = $258,500

Therefore, the amount of $258,500 would be the gross income of Bernie.

5 0
3 years ago
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