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Joe, the owner manager of Joe's Barbeque, has recently become acquainted with the concept of Value of a Loyal Customer (VLC). He had always rather intuitively thought that his "regulars" were the ones that were most valuable to his business. Now he is not as sure. As he pondered this, he noticed one of his regulars getting his regular meal, a $9.50 sandwich plate. He remembered that this guy came in at least once and often about twice a week at lunch and almost always got the same thing. So, he figured that this customer typically spent $ 9.50 per visit and probably came in about 96 times per year. He then considered a family that came in two or three times per month or an estimate of 29 times per year and consistently spent about $ 32 per visit. His contribution margin is about 19% and he figures he loses about 20% of his customers. Which of these two customers is more valuable with respect to the value of loyal customer calculation?
Compute the annual carrying cost utilizing your order size derived from above. Illustrate what is the inventory cycle time.
Even when the hotel is already booked, the manager continue tell staffs take reservations also walk-in customers. Because of this, the hotel does not have the rooms available when the guaranteed reservation clients arrive. Explain why does the pro..
Conceptual Modeling looks at how the data is structured and what the characteristics of the data are. What characteristics of data are represented in an E-R diagram?
What would be some examples of induction, deduction, argument and hypothesis from real life or from your professional life?
Share a source you are planning to use in writing your Resource Scheduling Methods Analysis Paper. Provide an APA citation for the source. Provide a brief summary of the source.
Analyze Klimpton's strategy for being environmentally friendly. Determine how this strategy helps Klimpton make supplier channel decisions and manage the waste from its hotel and restaurant operations.
Select a small business that you may want to start and write a brief description of it. What is strategic management and planning? Why would a strategic plan be important to the success of this business?
How do MNC managers manage conflict? Compare or contrast managing conflict resolutions using the instrumental-oriented conflict approach and the expressive-oriented conflict approach.
Calculate the takt time for the scenario in a system where the total time per shift is 460 minutes, there is two shift, and workers are given one 15-minute break and 30 minutes for lunch
When Harry told Brian he was building the new room, Brian just smiled. Brian also heard that Harry borrowed money from his aunt to buy the trains.
Discuss the problems MNCs face when assigning expatriates to an Eastern European country and how they should support the expatriates.
Elucidate what are the conditions which would have to exist for driving a car which are analogous to the assumptions made when using exponential smoothing.
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