Customer-centric organizations have realized that it is cheaper to attract new customers than to try and retain their current customers.
Answer the following statement true (T) or false (F)
False
Many major organizations have become more customer-centric and focused on relationships with customers. They realize that it is cheaper, and smarter, to keep current customers rather than subscribe to a revolving-door approach of continually trying to attract new customers to replace the ones that they lost to competitors.
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When using the indirect method, how is an increase in accounts receivable during the year shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
If fixed costs increased and variable costs per unit decreased, the break-even point would:
A) increase B) decrease C) remain the same D) increase, decrease, or remain the same, depending upon the amounts of increase in fixed cost and decrease in variable cost
A corporation is not allowed to issue dividends to shareholders unless it is solvent
a. True b. False Indicate whether the statement is true or false
If demand is elastic, a change in price causes a parallel change in total revenue.
Answer the following statement true (T) or false (F)