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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?
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts?
The tennis club has a number of inventories it must manage and must minimize all its expenses to stay in business. For each inventor, describe a goo management policy or system
In 150 words can you explain. Illustrate what are advantages also disadvantages of utilizing objective measures of performance.
how many hours should each incinerator operate each day with the least cost to Marshall County? Write an LP for this problem
Describe how an organization generates and uses its cash.
Handi Inc., a cell phone manufacturer, procures a standard display from LCD Inc. via an options type of supply contract . At the start of q uarter 1 (Q1) Handi pays LCD $20 per option.
global approach; local approach. local approach; global approach. functional approach; network approach. centralized approach; decentralized approach
How might businesses use the Internet to identify untapped customer needs through open innovation? What do you see as the major advantages and disadvantages of the open innovation approach?
Find out the best country to construct the new facility in also the expected value of perfect information.
Elucidate what should be the optimal batch size (Q) of clay tigers to be produced also shipped to the stores in every order. Keep 4 digits after decimal points in calculations.
What management concerns made BP reexamine their leadership model? What business issues did they face? How did this form of human expression assist in moving the top management perception of the organizational culture forward?
Discuss the ethics of continuing to do business with this firm. In this discussion evaluate the economic, legal and ethical issues. Describe how a written code of ethics might impact your decision.
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