The expansion stage in a relationship involves promises by both buyer and seller to work together for a single transaction.
Answer the following statement true (T) or false (F)
False
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Simmons Inc is an American firm that manufactures and distributes a line luxury furniture under the brand name Elegant Living
The firm measures the loyalty levels of its customers and classifies them into the different groups based on their loyalty index. Which of the following customers are most likely to be classified as spinners by Simmons Inc? A) Customers who have a loyalty score between 50 to 69. B) Customers who purchase an Elegant Living furniture one time because of an attractive discount. C) Customers who are first-time buyers. D) Customers who are likely to recommend Elegant Living furniture to potential buyers. E) Customers who buy a lot of Elegant Living products as well as products from other furniture brands.
Which of the following statements is true regarding the maturity stage of the product life cycle?
A) During this stage, the market grows rapidly. B) Usually, competition is most intense in this phase. C) Many new competitors enter the market. D) This stage comes after the introduction stage.
Copper Company engaged in the following transactions during April Performed services for cash $215,000 Performed services on credit 108,000 Purchased office supplies on account 56,000 Paid salaries in cash 129,000 Collected on account ? Paid on account 38,000 If the balance in cash after these transactions is $115,000, how much cash was collected on account?
A) $67,000 B) $62,000 C) $15,000 D) $29,000
What advantage does a blog offer over other types of social media an organization might use?
A) The ability to link to other sites B) Expansive space to communicate original ideas C) The addition of visual postings to generate interest D) Membership by invitation, allowing the tracking of fans E) Increased interconnectivity with members