Retaining customers is the purpose of customer relationship management, a marketing strategy that focuses on nurturing and maintaining strong relationships with current customers.
A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. The objective is straightforward: to strengthen business ties. CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.
A company or other organization manages its relationships with consumers using a process called customer relationship management, which often involves studying a lot of data through data analysis.
In order to manage and analyze customer interactions and data across the customer lifecycle, businesses employ a combination of practices, strategies, and technologies known as customer relationship management (CRM). The objective is to strengthen interactions with customers in order to promote client retention and increase sales.
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_______ is all the organizations and activities involved in the upstream and downstream flow of providing products to customers.
The supply chain is all the organizations and activities involved in the upstream and downstream flow of providing products to customers.
Various stages within a supply chain are often referred to as upstream or downstream. Upstream is where the material flows into the tissue. Downstream operations are those in which materials (mainly in the form of finished products) flow from an organization to a customer.
Upstream oil and gas exploration is done by companies that identify, extract or produce commodities. Downstream oil and gas production deals with everything related to post-production activities of crude oil and natural gas.
The upstream and downstream supply chain includes all activities related to an organization's suppliers (those who source raw materials to be sent to manufacturers).
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A decrease in the supply of money will lead to a(n) _______ in equilibrium real gdp and a(n) _______ in equilibrium price level.
A decrease in the supply of money will lead to a decrease in equilibrium real GDP and an increase in equilibrium price level.
In the economy, higher interest rates leads to a lower supply of money. Since the supply of money decreases, it raises borrowing costs, which makes it more expensive for consumers to hold debt.
Changes in the money supply lead to changes in the interest rate. When real GDP increases, there are more goods and services to be bought. Thus, a decrease in real GDP will cause the money demand curve to decrease.
Hence, a decrease in supply of money will lead to a decrease in equilibrium real GDP and an increase in equilibrium price level.
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PERT, but not CPM, has the ability to consider the precedence relationships in a project. True False
False is the answer.
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A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is?
A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is communication skill.
Communication is the act of transferring information from one place to another. It can be done vocally i.e by using voice, written by using printed or digital media such as books, magazines, websites and emails, visually by using logos, maps, charts or graphs or can be non-verbally by using body language, gestures and the tone and pitch of voice.
Communication skills may take a lifetime to master in it. There are many things that you can do easily to improve your communication skills and ensure that you are able to transmit and receive information effectively.
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Ta’shonda has aggressive tendencies and gets in fights often in high school. She decides to join the military. Which defense mechanism does this exemplify?
Sublimation is the defensive mechanism that is shown here by Tashinda given her aggressive tendencies and gets in fights often in high school
What is a defensive mechanism?This is the term that is used to refer to the ways that certain people are able to cope. It is the way that people are able to create the way that they can go through some of the issues that they face.
Some people may become very aggressive as a means of coping in the place they find themselves hence we can say that Sublimation is the defensive mechanism that is shown here by Tashinda given her aggressive tendencies and gets in fights often in high school. It becomes a good defensive mechanism since fighting will be a welcomed in the military. there she will be trained to be a better fighter and giving instructions on when to engage in a fight or when not to. This will help her cope in aggressiveness and likelihood of fighting.
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The ________ run is a period of time during which a manager can change all factors of production.
A manager has the ability to alter all production elements over the long run .
What if Factor of production ?
The concept of the factors of production, which describes the components required to generate a thing or service for sale, is crucial in economics. Land, labor, capital, and entrepreneurship are the four categories that they are frequently divided into. The two main components of production, however, are occasionally referred to as labor and capital by critics. One or more production aspects may be more crucial than others depending on the particular conditions.
What is long run in production?A time frame in which all cost and production parameters are erratic is known as the long run. Long-term cost adjustments are possible for businesses, although short-term pricing changes can only be influenced by changes in production levels.
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The direct plan ______ the job of the audience because readers can easily follow your line of reasoning once they first understand the main idea of your message.
The direct plan Eases the job of the audience because readers can easily follow your of reasoning once they first understand the main idea of your message.
Direct plan can be split into four parts that include the opening (the key idea and the means of attracting the attention), the explanation (the details), the sales appeal (whenever appropriate; in the terms of the authors, this part could be described as the call for action), and the friendly close. Thus, the outline is consistent with the planning and includes all the crucial elements of the message while also providing all the means of fulfilling its aims.
Other techniques of proper business communication (such as analyzing the receiver) are a part of the directing plan. Naturally, the message is expected to be concise and coherent. This kind of communication is better accepted when the receiver is in a positive mood while a negative one can make them less inclined to consider the information or fulfil the request.
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Decision-making power based on an individual's perceived extraordinary personality is called?
Decision-making power based on an individual's perceived extraordinary personality is called charismatic authority.
Personality refers to character variations in characteristic styles of thinking, feeling, and behaving. The have a look at persona specializes in two extensive regions: One is knowing character variations in particular character characteristics, including sociability or irritability.
Persona is the characteristic sets of behaviors, cognitions, and emotional patterns which might be fashioned from biological and environmental elements, and which alternate through the years.
it's miles believed that character arises from inside the character and remains fairly constant during existence. Examples of personality may be determined in how we describe different human beings's trends. as an example, "She is generous, caring, and a piece of a perfectionist," or "they are loyal and protecting of their friends."
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Select the correct answer. who makes decisions regarding changes in the discount rate? a. the president b. the board of governors c. treasury officials d. the reserve banks
The correct answer is option B.
The board of governors make decisions regarding changes in the discount rate.
What is board of governors?The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C. It is governed by seven individuals, known as "governors," who are appointed by the American president and approved in their roles by the American senate. In order to advance the objectives and carry out the duties assigned to the Federal Reserve by the Federal Reserve Act, the Board of Governors directs how the Federal Reserve System is run. The FOMC, the section of the Federal Reserve that determines monetary policy, includes all of the Board members. The periods of each member of the Board of Governors are staggered so that one term ends on January 31 of every even-numbered year. Each member is appointed to the position for a 14-year period.When the Reserve Banks lend to depository institutions and others, as well as when they offer financial services to depository institutions and the federal government, the Board also offers general oversight, direction, and counseling.
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What are the disadvantages of defined benefit pension plans for employees? (check all that apply.)
The disadvantages of defined benefit pension plans for employees are Benefits are not paid normal retirement, no investment control
What are the pros and cons of defined benefit pension plans?Pros:
The Pension Benefit Guaranty Company, if the plan is insured, ensures the majority, if not all, of the earned benefit in the event that the employer is unable to pay.Offers potential cost-of-living increasesDeferred tax assetsProfessional money managers oversee the management of assets.Absence of employee contributions negates employee investment risk.The amount of a retirement benefit is known in advance.There are possibilities for survivors.Cons:
Certain plans don't permit lump-sum payments.Benefits are typically not paid until the age of normal retirement.Usually won't benefit a worker who quits their job before retirementEmployee has no investment controlGrowth may be less than that of a defined contribution plan if there are no employee contributions.more expensive for the employer to administerTo learn more about defined benefit pension plans with the given link https://brainly.com/question/24015600
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To maximize total revenue, a firm should ________ its prices it faces elastic demand, and it should ________ its prices if it faces inelastic demand
To maximize total revenue, a firm should Decrease its prices if it faces elastic demand, and it should increase its prices if it faces inelastic demand
What is elastic demand?The price elasticity of demand for a good is a measurement of how sensitive the amount sought is to its price. When the price of a good rises, the amount demanded reduces for almost all of them, but it falls more for some than others.
Price inelasticity is extremely advantageous to organizations and is critical in understanding how to design their pricing strategy. Price inelasticity provides enterprises with greater price freedom because the change in demand is virtually the same whether prices grow or decrease.
Demand elasticity is a measure of how demand responds to price changes. It's normalized, which means that the specific prices and amounts are irrelevant, and everything is regarded as a percentage change. A derivative is used in the formula for demand elasticity.
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What are liquidated damages the buyer must pay to the seller if the buyer wrongfully fails to sign a release of earnest money to the seller under paragraph 18 of the One to Four Family Residential Contract
If a buyer wrongfully fails to sign a release of earnest money to the seller, the liquidated damages that the buyer will pay are A) Damages, earnest money, reasonable attorney's fees, and all costs of suit
What are liquidated damages?These are monetary damages that are paid by a party that fails to uphold their side of a contract and so cause losses to the other party.
When a buyer in a contract fails to signs a release of earnest money, they would be in breach of contract. As a result, they would have to pay for damages such as the costs of the suit and the attorney fees for both parties.
Options for this question include:
A)Damages, earnest money, reasonable attorney's fees, and all costs of suit
B)Four times the earnest money
C)The sum of three times the earnest money and the earnest money
D)Three times the earnest money
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The Liquidated damages the buyer must pay to the seller if the buyer wrongfully fails to sign a release of earnest money to the seller under paragraph 18 of the One to Four Family Residential Contract are Damages, earnest money, reasonable attorney's fees, and all costs of suit
This is further explained below.
What are Liquidated damages?Generally, Unliquidated damages are similar to liquidated damages in that they aim to recompense a party that has been affected as a result of a breach of contract; however, unliquidated damages are not monetary in nature. The amount of unliquidated damages, on the other hand, is not calculated in advance in the same way as the number of liquidated damages is when the contract is signed.
In some types of legal contracts, "liquidated damages" are used to represent an estimate of otherwise intangible or difficult-to-define losses that would be incurred by one of the parties. In the event that one of the parties violates the terms of the contract, it is a clause that enables the other party to be responsible for paying a predetermined amount.
In conclusion, Damages, earnest money, reasonable attorney's fees, and all costs of suit are included in the liquidated damages that the buyer is required to pay to the seller under the One-to-Four Family Residential Contract if the buyer wrongfully fails to sign a release of earnest money to the seller. This provision can be found in paragraph 18 of the contract.
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CQ
A)Damages, earnest money, reasonable attorney's fees, and all costs of suit
B)Four times the earnest money
C) The sum of three times the earnest money and the earnest money
D)Three times the earnest money
You can find Pepsi products in discount stores, grocery stores, convenience stores, and even vending machines. Pepsi practices __________ distribution with its product lines.
You can find Pepsi products in discount stores, grocery stores, convenience stores, and even vending machines. Pepsi practices intensive distribution with its product lines.
A corporation may use an intensive distribution marketing plan to try to sell its goods from a small vendor to a large retailer.
A customer will almost always be able to find the merchandise wherever he travels.
Soft drinks and cigarettes are a couple of the products that follow the intensive distribution.
A corporation can employ all of the potential venues to market its product under an aggressive distribution plan.
Both sales and brand awareness of the product are increased.
The benefits of intense distribution are numerous which include a boost in sales and profits etc.
Hence, Pepsi practices intensive distribution with its product lines.
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Is the opportunity cost of producing more amounts of trucks increasing, decreasing, or remaining the same?
When the p.c is concave (bowed out), opportunity prices increase as you move alongside the curve. While the p.c is convex (bowed in), opportunity costs are decreasing.
The law of increasing possibility cost: As you grow the production of one true, the opportunity cost to provide the additional good will increase. First, understand that opportunity cost is the value of the following-best alternative when a decision is made; it is what is given up.
The law of increasing opportunity cost is the idea that as you continue to grow production of 1 suitable, the possibility fee of manufacturing that subsequent unit will increase. This comes approximately as you reallocate resources to produce one true that became better suited to produce the good.
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When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by selling common stock. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.
What is a retained earnings?Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.
Therefore, the correct answer is as given above
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Bonds sold outside the borrower's country and denominated in the currency of the country in which they are sold are called?
Bonds sold outside the borrower's country and denominated in the currency of the country in which they are sold are called foreign bonds.
Foreign bonds are the bonds which are issued by a foreign issuers in a foreign national market. These bonds are denominated in the currency of that market. For instance, foreign bonds are issued by foreign issuers in a foreign national market which are denominated in the currency of that market.
The Foreign bonds market is quickly expanding as companies continue to look for the cheapest way to borrow money. Thus, these bonds are getting issued in a domestic country by a foreign company, while using the regulations and currency of the domestic country.
Hence, the answer is given and explained above.
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In present value calculations, the process of determining the present value of a single sum of money is called:____.
a. pricing.
b. discounting.
c. allocating. n
d. egotiating.
In present value calculations, the process of determining the present value of a single sum of money is called negotiating.
Negotiation is the dialogue between two or more persons or parties to reach a beneficial outcome on one or more disputed issues. It is an interaction between entities trying to come to an agreement on common interests. A contract may be beneficial to all or some of the parties involved.
Negotiation is a strategic discussion to resolve a problem in a way acceptable to both parties. In negotiations, each party tries to persuade the other to share their point of view. Through negotiation, all parties try to avoid conflict, but agree to compromise in some way.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Rule of thumb methods use two factors to determine the communication budget. These factors are prior sales and communication activities. These methods have several limitations but they are also easy to implement.
What are prior-sales activities?These activities are also called the pre-sales activities and they are the ones which are performed before any product is sold to the customer.These activities include product research, market research, analysis of data and customer proposals etc…communication activities mainly include training the salesperson in a way that he can easily persuade the customer and explain the product content nicely.These activities can be of verbal and non-verbal kind. Example: sales pitch, e-mails, calls etc.To learn more about Rule-of-thumb visit: brainly.com/question/607952?
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If the price elasticity of demand for food is 0.5, then a 5 percent decrease in the price of food will lead to a ______ increase in quantity demanded.
If the price elasticity of demand for food is 0.5, then a 5 percent decrease in the price of food will lead to a 2.5 percent increase in quantity demanded.
The responsiveness of a price to a change in the quantity desired is known as price elasticity of demand. quantity demanded in response to a price change. cost to an alteration in revenue. Demand proportional to a change in income.
The change in demand for commodity X as a result of a change in the price of commodity Y is known as the cross elasticity of demand for commodities X and Y. Whereas, symbolically, is the cross-elasticity, is the initial demand of commodity X, is the initial demand change for commodity X, is the initial price of commodity Y, and is the initial price change for commodity Y.
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The way income is allocated among the population is reflected in the lorenz curve. income curve. gini coefficient. income spread.
The way income is allocated among the population is reflected in the Gini coefficient.
The Gini index, or Gini coefficient, measures income distribution throughout a populace. developed by using the Italian statistician Gini in it regularly serves as a gauge of monetary inequality, measuring profits distribution or, less commonly, wealth distribution amongst a population.
The Gini index is a measure of the distribution of profits throughout a populace. A higher Gini index shows greater inequality, with excessive-profits individuals receiving plenty large percentages of the populace's general profits. Worldwide inequality, as measured by way of the Gini index.
The Gini index may be derived from the Lorenz curve framework (Lorenz, which plots the Cartesian coordinates where the abscissa is the cumulative normalized rank of earnings from the lowest to the highest
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Selling shares of stock to anyone allows a _________ to raise more money to grow.
Selling shares of stock to anyone allows companies to raise more money to grow. Investors that trade funds for these units to reflect equity ownership in companies or financial asset are owners of shares. Owners of corporation have option of issuing preferred shares or common stock to investors.
In exchange for funds required to expand and run business, companies issue equity shares to investors. From LLCs to large international companies, almost all the businesses issue shares of some type. A company's shares are referred to as being publicly traded once they are listed on a stock exchange following an IPO.
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When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, gaap presumes that the investor:_______.
When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, Gaap presumes that the investor: is able to exert influence over the investee company.
What is Consolidation Rules Under GAAP?The general rule requires consolidation of financial statements when one company's ownership interest in a business provides it with a majority of the voting power -- meaning it controls more than 50 percent of the voting shares. But even if your company's equity or voting interest is 50 percent or less, consolidation may still be required. In the absence of owning a majority of the equity, extensive contractual agreements or other business arrangements between two enterprises may be sufficient to establish the requisite control that warrants consolidating financial statements.
The Principles of GAAP-
The four basic constraints associated with GAAP include
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Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will?
Assume that spaghetti is an inferior good for most people. as peoples' incomes increase, all other things held constant, the demand for spaghetti will decrease.
In general economics, an inferior good is a good whose demand decreases when the income of consumer rises.
Demand for inferior goods increases when consumer income decreases, Unlike normal goods, the opposite is observed. Normal goods are those goods for which the demand rises with the increase in consumer income.
An inferior good is an economic word which describes the goods which fall out of favor as incomes and the economy improve as consumers begin buying more costly substitutes instead.
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According to a national restaurant association estimate, about what percentage of a foodservice operation’s inventory losses results from employee theft?
The inventory loss is around 4%.
The National Restaurant Group is a business association in the restaurant sector that represents over 380,000 restaurant outlets in the United States. The National Restaurant Association Educational Foundation is also run by it. The organization was created in 1919 and is based in Washington, D.C.
Due to pilferage and theft, an ordinary fine-dining restaurant might lose up to five crores in five years. Internal thefts increase the restaurant's food expenses, thus the restaurateur suffers the same amount twice: first when the employee steals it and again when he or she has to pay up the loss from the restaurant's revenues.
According to a National Restaurant Association report, theft accounts for an average of 4% of a restaurant's food expenditures.
Therefore, the answer is 4%.
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melanie is currently enrolled in an hmo mapd, and she is talking to sales agent brenda about enrolling in a medicare supplement insurance plan. what should brenda tell melanie
Brenda should tell Melanie that "Enrolling in a Medicare Supplement Insurance Plan does not automatically disenroll you from your HMO MAPD (Medicare Advantage Prescription Drug) plan.
It's crucial to remember that you cannot have a Medicare Advantage plan and a Medicare Supplement Insurance Plan at the same time. Your current HMO MAPD plan would need to be canceled if you choose to sign up for a Medicare Supplement plan.
Prior to making any decisions regarding altering your Medicare coverage, it is advised to carefully compare the coverage, advantages, and costs of both options.
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What are the advantages of personal selling over other types of marketing communication?
The advantages of personal selling over other types of marketing communication personal selling has greater reach than advertising.
What is personal selling?Personal selling, commonly referred to as face-to-face selling, is a sales technique where a single salesperson tries to persuade a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents in an effort to close a deal. Personal selling is a face-to-face sales method where a salesman uses their people abilities to convince a consumer to purchase a specific product.The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product.
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How to create a spreadsheet to help make a buy-versus-lease decision about the servers for your organization?
The main advantage of leasing a business facility is that you frequently have to make a smaller initial financial commitment than you would if you were to purchase the asset.
The largest advantage of buying, though, might be that you spend less money overall than you would have if you had leased the property. Furthermore, if you purchase, you will benefit from any rises in the asset's value.
long-term consequences of the decision. If you are a new business owner choosing between buying or leasing a facility, you could have a tendency to concentrate on the near future, such as the first year cash flow forecasts that would arise from either of these options.
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José wants to have money available for any future purchase he desires. what is his best choice to assure that he has open-ended credit?
The best choice that would assure and guarantee that José has open-ended credit is: a bank line of credit.
Line of creditA credit can be any amount of money that is being borrowed and it is expected to be paid back with interest at an agreed date from a lender by a borrower.
Generally, there are three main types of credit and these include:
Revolving creditInstallment or closed-end creditOpen-end creditAn open-end credit refers to pre-approved line of credit (loan) that is given to a borrower by a economic institution (bank) and it can be used frequently up to a specific preset limit. Thus, an open-end credit is typically used for many investments over a period of time rather than just a single investment.
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How does a maryland broker’s license renewal differ from a salesperson’s license renewal?
Maryland broker’s license renewal differs from a salesperson’s license renewal because Instead of having 4.5 hours of electives, brokers must take three hours of broker supervision coursework and only 1.5 hours of electives
A salesperson is a person whose activity is to promote services or products. another term for a shop clerk is income rep (or income representative). a person whose process is to sell a product or service in a given territory, in a shop, or by means of a smartphone.
All salespeople can be grouped into one of three categories:
The Commodity Salesperson.The Price Salesperson.The Solution Value Salesperson.The definition of a salesperson is someone who sells goods or services. An instance of a salesperson is a person who sells vehicles. a salesperson or saleswoman. a person who's hired to promote products or services.
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Do you think organizations should adopt a single project management methodology for all their projects? why or why not?
Projects might be of any size or shape. They can range from being quite straightforward and requiring little time and effort to being intricate, multifaceted operations involving sizable teams, joint partnerships, and substantial sums of money.
Choosing the best project management approach is the only way to make sure everything is in order and that you have considered everything.
This post focuses on introducing the most popular project management approaches available and ultimately assisting you in making the best decision possible.
Before going any further, though, let's take a step back and examine what the term "methodology" truly means and how it may be used to carry out project management more effectively.
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