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2 years ago

Has any questions or problems.

Business

1 answer:

bearhunter [10]2 years ago

5 0

Answer:

Customer relationship management (CRM).

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Therefore, these employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers. The fundamentals of customer relationship is based on improving marketing communications, sales support, technical assistance and customer service so as to bring satisfaction to the customers.

Hence, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management.

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A business that purchases products in large quantities from producers and then sells it to another entity is known as a _____.

BigorU [14]

A business that purchases products in large quantities from producers and then sells it to another entity is know as a distributor.

Distributors, distribute items to smaller retailers normally. They work as a warehouse with large quantities to sell to others in smaller quantities.

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2 years ago

Crane Company had revenues of $334000, expenses of $201000, and dividends of $47000. When Income Summary is closed to Retained E

zzz [600]

Answer:

It is a credit to Retained Earnings. Credit of $133,000

Explanation:

Closing an entry means transferring all revenue (sales) account balance and expense account balance at the end of an accounting period to the income summary account.

This either leads to a net profit or loss for the period covered in the income summary account. The balance in the income summary then goes into the Retained Earnings.

Step 1: Transfer the revenue to the income summary...

Dr: Revenue - $334,000

Cr: Income summary - $334,000

Step 2: Transfer the expense to the income summary...

Dr: Income summary - $201,000

Cr: Expense- $201,000

This means Revenue (Dr) in step 1 minues Expense (Cr) in step two

$334,000 - $201,000 = $133,000.

The net profit of $133,000 is the transferred to Retained Earnings

Dr: Income summary - $133,000

Cr: Retained Earnings- $133,000

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3 years ago

What are the pros and cons of using social media in the workplace? List 3 Each

Dahasolnce [82]

Answer:

pros

Recruit/source potential candidates

Corporate brand awareness/ employer branding

Brand ambassadors and increased engagement

Low cost investment

Ability to reach a wide audience

Targeted marketing

Networking capabilities

Ability to conduct research and focus groups

Training and Development

cons:

Decreased productivity/ lack of focus

Security and privacy concerns

Inappropriate online behavior

Brand reputation risks

Explanation:

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3 years ago

Think about your shopping habits .Make a list of all businesses to which you are a loyal customer .Now jot down some reasons tha

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Answer:

I need MILk... Answer 333

Explanation:

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2 years ago

Suppose that you are considering purchasing a ticket to go to a concert with some friends. what is your opportunity cost?

mojhsa [17]

The opportunity cost is what you would have purchased with the money you will spend on the concert and what you would have spent your time doing if you did not go to the concert.

How does opportunity cost affect decision making ?

When we take decisions about how to spend our limited resources, such as money or time, we are giving up the opportunity to spend money or time on something else. All individuals, businesses, and large groups of people make decisions that involve trade-offs.

What is the importance of opportunity cost in decision-making?

The concept of opportunity cost is helps in decision-making to individuals and organizations takes better alternatives , primarily by assuming the alternatives. Opportunity costs incorporate the cost and benefit of each choice,that aims at times be challenging to calculate.

Learn more about opportunity cost:

brainly.com/question/3611557

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9 months ago