List the five major economic benefits of maintaining relationships with current customers.
What will be an ideal response?
Maintaining relationships with current customers offers the following potential economic benefits:The costs of acquiring a new customer is greater than holding on to an old customer.Long-time customers trust you and thus tend to spend more money than new customers do.Happy customers refer their friends and colleagues, leading to more sales.It costs less to process orders for established customers, because they are already in the system and know how it works. Current customers buy without discounts, so they are willing to pay more for products.
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For each of the following accounts, indicate what event causes the account to increase and to decrease. The answer is not debit or credit.
________ are coupons that reach consumers through colorful preprinted newspaper ads.
A. Premiums B. Convenience cards C. Spiffs D. Spillages E. Freestanding inserts
All of the following conditions would encourage a taxpayer to avoid like-kind exchange treatment on the disposition of an otherwise qualifying asset except
A) expected lower tax rates in the future. B) the availability of net operating loss carryovers. C) the disposition of a capital gain asset when the taxpayer has a capital loss carryover. D) a realized loss on the asset disposed of.
Briefly define and discuss the importance of considering gross domestic product (GDP), per capita GDP, and per capital expenditure on health care when considering wages and benefits in multiple countries
What role do purchasing power parity (PPP) exchange rates play?