The average value of a loyal customer

Assignment Help Operation Management
Reference no: EM13993764

A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase the workstations every three years at an average cost of $1,500. The average value of a loyal customer is _____.

Reference no: EM13993764

Questions Cloud

You live in a small midwest town and have just lost your job : But you are vegetarian and strongly feel that killing animal for food is unjust. What do you do?
Explain the pros and cons of the two types of waiting lines : Explain the pros and cons of the two types of waiting lines, and discuss what the companies can do to reduce customer wait times.
Strategic alliance-identify three recently formed alliances : Using an Internet search engine, search for “strategic alliance,” and identify three recently formed alliances. For each alliance, identify whether the companies’ other products are generally competitors or complementary products. What are the goals ..
What is the direction of the torque when coil is oriented : What is the direction of the torque when the coil is oriented as shown in part (a) of the figure? Calculate the value of the potential energy U, when the coil is oriented as shown in part (a) of the figure.
The average value of a loyal customer : A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase the workstations every three years at..
Determine the average defection rate : A guest at Raphael's Four-Star Italian Restaurant generally spends $150 on a meal. Most of Raphael's customers are from nearby localities and eat at the restaurant twice a month. If the restaurant's margin is 60 percent, and a loyal customer is estim..
Determine the demand rate per day : Mr. Dan Brown, owner of the New England Seafood Store, has the only seafood store in town that carries Maine lobsters. The demand for lobsters has been sufficiently high to warrant continued air transportation of lobsters from Boston. Determine the o..
Find a description of a training program : Using the Internet, find a description of a training program. Consider the learning process and the implications for the learning process for instruction discussed in the chapter. Evaluate the degree to which the program facilitates learning. Briefly..
What are the responsibilities of cpcos management : What are the responsibilities of CPCo's (a) management and (b) audit committee in response to the allegations of improper accounting (potential fraud)? In other words, what actions, if any should be taken upon becoming aware of the initial general..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Elucidate what was the labour productivity in dollars

The seconds were sold for $96 every at a factory outlet store. The remaining 92 garments were sold to retail outlets at a price of $200 per garments. Elucidate what was the labour productivity in dollars per labour-hour at Natalie's shop.

  Major components of a human resources

Part of project implementation or execution is having a human resources plan. What are the major components of a human resources plan?

  Training requirements in the hazard communication

Compare and contrast the training requirements in the Hazard Communication Standard (HAZCOM) (1910.1200) and the Lead Standard (1910.1025). If an employee is exposed to lead above the action level, would the training specified in the HAZCOM standa..

  What is the manufacturer markup percentage

What is the manufacturer's markup percentage? _______________________, What is the retailer's markup in dollars?______________________________.

  Determine where change is needed within an organization

Creating change might be difficult; however, using effective change models, techniques, and approaches will most likely ensure success. Through means of assessment, leaders can determine where change is needed within an organization

  Which of the given is the kind of power a person has

i rachel kellers colleagues and subordinates have a high regard for her. they know that rachel can help them meet their

  Consider effective leaders

Identify three people that you consider effective leaders. What are, at least, 5 characteristics these individuals exhibit that you believe make them effective leaders?

  Alternative process strategy to assembly line-wheel coach

Why do you think major auto makers do not build ambulances? What is an alternative process strategy to the assembly line that Wheeled Coach currently uses? Please justify your recommendation.

  High deductible catastropic plan

Fee for service payments to hospitals affords limited incentive for efficiency. Beneficiaters who enrol in a health saving accounts must select a high deductible catastropic plan. The prospective payments system for hospitals uses a reimbursement sch..

  Assignment on quandaries in health care

Health reform is mired in the morass of multi-tiered payment systems and multiple modes of access, limited by the ability to seek and to pay. Increasingly, patients are interacting with multiple entities within the system, causing more and more co..

  Find a formal process or reporting form

Can anyone find a formal process (steps) or reporting form in conducting an evaluation?

  What is the optimal number of days between orders

Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year. What is the optimal order size? W..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd