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Blizzard [7]
2 years ago
15

The Southside Sweetery has a loyal following. When it recently moved from its longtime storefront to a famous resort area, it to

ok a big risk. However, the owners were confident that its unique candies, cookies, and pastries would win customer raves. Fortunately, one of the members of the family business was convinced the sweet shop needed to stay in touch with its customers. Southside collects names and email addresses of its customers and maintains a presence on a few social media sites in order to send messages about promotions and coupons to valued customers. Marketing professionals refer to this strategy as
Business
1 answer:
Mrac [35]2 years ago
7 0

Answer:

c) Customer relationship management.

Explanation:

Customer relationship management is the act of maintaining and curating a good relationship with the client. This branch of management focuses on customer retention rather than customer acquisition. Customer relationship managers make sure that customers stay with the company after they become acquired.

In this example, the sweetery made an effort to maintain the relationship with their loyal customers - sending them coupons via social media.

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Kirkwood acquires 100 percent of the outstanding voting shares of Soufflot Company on January 1, 2018. To obtain these shares, K
lesya [120]

Answer:

$555,000

Explanation:

Calculation for the amount that will be reported for consolidated cash after the acquisition is completed

Cash at Kirkwood Inc $475,000

(900-400-15-10)

Add Cash at Soufflot Company $80,000

Consolidated cash after acquisition is completed $555,000

Therefore the amount that will be reported for consolidated cash after the acquisition is completed will be $555,000

4 0
2 years ago
Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she
dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

5 0
2 years ago
Read 2 more answers
Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise from $31,900 per year to $33
choli [55]

Answer:

Price elasticity of demand =  10.21

Explanation:

Given:

Old income (P0) = $31,900

New income (P1) = $33,500

Old Quantity (Q0) = 3 times

New Quantity (Q1) = 5 times

Computation of Price elasticity of demand :

Midpoint method:

Price elasticity of demand =  

\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\frac{\frac{5-3}{\frac{5+3}{2} } }{\frac{33,500-31,900}{\frac{33,500+31,900}{2} } }\\\frac{\frac{2}{\frac{8}{2} } }{\frac{1600}{\frac{65400}{2} } }\\\frac{\frac{2}{4} }{\frac{1600}{32700} } }\\10.21

Price elasticity of demand =  10.21

5 0
2 years ago
Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (ye
Ierofanga [76]

Answer:

$7,986

Explanation:

To calculate the equivalent annual cost for 5 year period at an interest rate of 10% per year we need to go through some minor calculations first.

DATA

Cost in first year (A) = $10,000

Decrease in cost each year after the first year (G) = $560

Interest rate = 10%

Time period = 5 years

Solution

EAC = A - G (A/G, i, n)

EAC = $9,000 - $560(A/G, 10%, 5)

EAC = $9,000 - ($560 * 1.8101)

EAC = $9,000 - $1,013.656

EAC = $7,986

4 0
2 years ago
AutoPROS uses its website to target car parts stores and car owners and tell them of the benefits of using their long-lasting sp
Brrunno [24]

Auto pros is using the push and pull strategies.

<u>Explanation:</u>

A push strategy is to promote an item at a client, while a draw technique pulls a client towards an item. Push strategy is a speedy method to move a client from attention to buy, while pull methodology is tied in with making a continuous relationship with the brand.

The business terms push and pull started in coordination and production network the board, but at the same time are generally utilized in showcasing, and is likewise a term broadly utilized in the lodging conveyance business.

8 0
2 years ago
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