Bicycle store 2Wheels notices that it has a high proportion of low-profit customers, but the store doesn't want to terminate the customer relationship. What can 2Wheels do to make these customers more profitable?
What will be an ideal response?
2Wheels can encourage unprofitable customers to buy more or in larger quantities, forgo certain features or services, or pay higher amounts or fees. It can also use cross-selling or up-selling techniques.
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Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers?
A) The business bears the responsibility of collecting cash from the customer. B) The business bears the risk of nonpayment by the customer. C) The business pays a processing fee. D) The business checks customers' credit ratings.
How much would you be willing to pay (rounded to the nearest dollar) for a 20-year ordinary
annuity if the payments are $4,500 per year and you want to earn a rate of return equal to 5.5% per year? A) $63,445 B) $84,500 C) $56,734 D) $53,777
Geodemographic segmentation combines geographic, demographic, and lifestyle segmentations.
Answer the following statement true (T) or false (F)
An organization must have no more than one LAN
Indicate whether the statement is true or false