Nordstrom, the fashion retailer, is installing software in its 137 stores that will help the company gather customer preferences and product information. The software will assist the store's salespeople to understand each customer as a person with unique wants and needs. Nordstrom is helping its salespeople create ________ with the store's customers.
A. transactional relationships
B. strategic customer relationships
C. exchange-oriented dependencies
D. joint decision-making alliances
E. symbiotic relationships
Answer: B
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Which one of the following situations reflects a weak internal control system?
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Discuss the accountant's role in data modeling and potential problems caused by anomalies
________ is a statistical procedure used to "support" (accept) or "not support" (reject) the hypothesis based on sample information
A) Confidence analysis B) Standard error analysis C) Specification support/rejection D) Hypothesis testing E) Sampling acceptance
The California Fitness Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,860 0 12,860 1,060 F 11,800 Sales Revenue $62,720 $1,290 U $64,010 $4,010 F $60,000 Variable Costs 27,620 720 U 26,900 $1,700 U 25,200 Contribution Margin $35,100 $2,010 U $37,110 $2,310 F $34,800 Fixed Costs 34,250 250 U 34,000 $0 34,000 Operating Income/(loss) $850 $2,260 U $3,110 $2,310 F $800 Which of the following statements would be a correct analysis of the flexible budget variance for variable costs? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs