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bekas [8.4K]
2 years ago
8

REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This i

s an attempt by REI to reduce what type of cost?
Business
1 answer:
Vanyuwa [196]2 years ago
3 0

Answer: risk

Explanation: 100% satisfaction guarantee is a statement that if a customer of a product (or service) is not satisfied with the item purchased, then the producer will offer a full refund back to the customer. In this case REI allows this option for a period of up to 1 year after the sale was made.

REI utilises this option in an effort to reduce costs attributed to risk. For customers, this is a powerful tool as they are allowed to try the product, while knowing that if they don't like it then they can return it for a full refund. For REI, it increases customer trust as it allows customers to believe that the product is worth the sales price. It also reduces risk as REI is able to test the product out to actual customers and get a feel for if they like it, and what can be improved if needed.

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You are currently getting 26 sales opportunities per day and closing 64% of them. Employee: Wow, I am closing __________ sales o
VikaD [51]

Answer:

The correct word for the blank space is: 16.

Explanation:

Percentages represent part of a number. The result could be higher or lower than the original number. Percentages are calculated by multiplying the original number for the amount of the percentage desired and dividing that preliminary result by one hundred (100).

Thus, in the example:

Sales closed per day = (Sale opportunities) x (percentage of sales closed)  

Sales closed per day = 26 x 64%

Sales closed per day = 26 x (64/100)

Sales closed per day = 16,64

As sales cannot be fractioned, the sales closed per day are 16.

7 0
2 years ago
Bank Robbery. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who capture
algol13

Answer: E

Explanation: Ted or Ursula didn't get the reward because Ursula was also a suspect. during the course of Ted investigation information gotten from Ursula interrogating helped in apprehending him. Ted was performing his duties as an officer of the law, Ursula was a suspect so couldn't claim the reward too.

7 0
2 years ago
If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________
Leno4ka [110]

Answer:

The correct answer is: maximized; reducing; increasing.

Explanation:

An oligopoly market is a market structure in which there is a small number of firms. The business decisions of each firm affect its competitors. There is no restriction on entry and exit of firms. There is a high degree of competition between firms.  

The firms can maximize their profits if they collude and act like a monopoly. They can earn monopoly profits by reducing the level of output and increasing the price of products.  

4 0
2 years ago
Darius is considering buying new bedroom furniture. Naturally, he compares several types of beds, dressers, and bedside tables,
miss Akunina [59]

Answer: (B) The total product offering

Explanation:

 According to the question, Darius is evaluating the total offering of the products by comparing each products such as bedside table, beds and the dresses with the other brands.

By comparing one brand with the other brands, he evaluating the products price, warranty and the reputation.  

The total product offering is basically defined as the amount of the total products offered as the final output. The consumers are evaluating each product before busying the product.

Therefore, Option (B) is correct.

3 0
2 years ago
On average most companies aim for? Inventory turns per year.
xz_007 [3.2K]

Answer:

Most companies aim for a turnover ratio between six and 12, according to BusinessKnowHow. Turning inventory too many times means a company misses out on potential sales because it does not keep enough product in stock

7 0
1 year ago
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