Question

QUESTION 23 4 points According to the text, loyal customers are more profitable because of all of the following reasons excep

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer - price sensitive.

Explanation - loyal customer are always price insensitive. they will buy the company's product at any cost. other option are incorrect as they all are profitable for the company.

Add a comment
Know the answer?
Add Answer to:
QUESTION 23 4 points According to the text, loyal customers are more profitable because of all...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QUESTION 20 4 According to the text, all of the following are basic characteristics of service...

    QUESTION 20 4 According to the text, all of the following are basic characteristics of service except: O intangibility O tangibility nonstandardization O inseparability of production and consumption.

  • Please answer questions 2,3,4 QUESTION 2 Suppose a producer is able to separate customers into two...

    Please answer questions 2,3,4 QUESTION 2 Suppose a producer is able to separate customers into two groups, one having an inelastic demand and the other having an elastic demand. if the producer's objective is to increase total revenue, she should O 1 increase the price for both groups of customers O2 decrease the price charged to customers with the elastic demand and increase the price charged to customers with the inelastic demand O3.decrease the price to both groups of customers...

  • QUESTION 3 According to the Coase Theorem, externality problems: Do not exist in reality, because all...

    QUESTION 3 According to the Coase Theorem, externality problems: Do not exist in reality, because all costs and benefits are internal to firms O Can be solved through private negotiations without the need for government intervention Must only be resolved by government action, through either taxes or subsidies O Can never be resolved adequately because one party always gains while the other loses QUESTION 4 If there are external benefits associated with the consumption of a good or service: O...

  • QUESTION 1 Customers arrive at a hair salon according to a Poisson process with an average of 1...

    QUESTION 1 Customers arrive at a hair salon according to a Poisson process with an average of 16 customers per hour. Which of the following is most likely true, based on this information: a. The hair salon serves customers on a walk-in basis (rather than by appointment times) b. If 10 customers arrive in the first hour, it is likely that 22 customers will arrive in the next hour. c. If the salon can serve an average of 20 customers...

  • According to ____ justice, individuals should not be held responsible for matters over which they have...

    According to ____ justice, individuals should not be held responsible for matters over which they have no control. discretionary normative procedural distributive compensatory 2 points    QUESTION 2 Culture tends to differ between ____, but appears similar within ____. organizations; industries people; organizations groups; industries organizations; groups industries; geographical regions 2 points    QUESTION 3 According to Spotlight on Skills in Chapter 1, all of the following are extremely important for long-term success as a manager EXCEPT: using lunches to...

  • QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private...

    QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs O underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist but only in the presence of government regulation if consumers have more information...

  • Question 27 1 pts North Americans bear more responsibility for environmental/energy problems because our consumption is...

    Question 27 1 pts North Americans bear more responsibility for environmental/energy problems because our consumption is higher than most nations: O True O False Question 28 1 pts Which of the following is the biggest concern about potable water in the U.S.? O contamination due to pollution shortages O contamination due to terrorism we have no serious concerns about our water supply Question 30 1 1 Your eco-footprint includes things such as: O how many share your living space O...

  • Question 11 According to Alberta Employment Standards, all of the following are true in respect of...

    Question 11 According to Alberta Employment Standards, all of the following are true in respect of overtime except one. Identify the EXCEPTION Not yet answered Marked out of 1.00 Select one: a. An overtime agreement allows overtime hours to be banked and later taken off with pay. Time off with pay, is banked at a rate of 1.5 hours for every overtime hour worked. b. Some employers and employees agree to replace overtime pay with time off with pay. c....

  • Question 31 (2.5 points) To which of the following forms of business can the concept of...

    Question 31 (2.5 points) To which of the following forms of business can the concept of social responsibility be applied? Question 31 options: Large, public corporations All forms of corporations All businesses except those with less than 50 employees Small, privately held corporations Any form of business, from a sole proprietorship to a large corporation Question 32 (2.5 points) Which of the following best describes social responsibility? Question 32 options: A company’s attempt to maximize its profits in order to...

  • 11. True or False (20 points, 2 point each) 23 4567910 No. 1. Marginal cost is...

    11. True or False (20 points, 2 point each) 23 4567910 No. 1. Marginal cost is based on the principle that an additional unit of production wiln only entail an increase in the fixed costs and that the variable costs will not be affected 2. The greater the balance you have in your account, the slower your savings will grow 3. In case of capital rationing, we should accept project with the highest positive NPV 4. Interest Rate measures the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT