Business

Consumer Lifetime Value (CLV): is the present value of cash flows from a customer relationship, can help managers in decision making related to investment in developing customer relationships Consumer lifetime value (CLV), which is the present value of cash flows from a customer relationship, can help managers in decision making related to investment in developing […]

Net Promoter Score (NPS):This metric is used to measure customer loyalty to a firm. Companies among diverse industries have embraced NPS as a way to monitor their customer service operations while NPS also has been seen as a system that allows managers to use the scores to shape managerial actions. One of the advantages of

Market Share:Market share is a popular marketing metric. Market share is a popular marketing metric. One reason for why manager value market share is that research from the 1970s suggested a link between market share and ROI; however, the linkage may be less clear: the studies have found it is often correlational rather than causal.

Assignment: Basic Economic Concepts What is economics and how do economic concepts apply to your life? With the complexities of technology and the current global economy, it may be helpful to consider a simplified and hypothetical scenario of an ancient family of potters who lived in a remote area. While the family was skilled and

How did factors such as income, family, and job situations affect opportunity costs and decision making? Think about any significant purchases you have made that have required compromise on your part—perhaps a car, a house, a set of furniture, a new computer or other electronic device, or even your decision to pursue a college education.

 What is economics and how do economic concepts apply to your life? With the complexities of technology and the current global economy, it may be helpful to consider a simplified and hypothetical scenario of an ancient family of potters who lived in a remote area. While the family was skilled and efficient, they only needed

How do increasing opportunity costs affect the shape of the production possibilities curve? How do increasing opportunity costs affect the shape of the production possibilities curve? Provide an example that illustrates the concept of increasing opportunity costs. Include a graph or illustration to support your answer. Your response should be at least 75 words (1

Guidelines for Effective PowerPoint Presentations Have you ever been bored during a PowerPoint presentation? It is probably not your fault. PowerPoint is best used as a tool for using visual information to tell your story. The combination of your words, along with the visual images you project, should wake up your viewers, not put them

WHY IS STORYTELLING AN ESSENTIAL SKILL FOR ANY EXECUTIVE TOOLKIT? Storytelling is a powerful Leadership tool. Stories may be the most effective way to convey information to an audience while also building a relationship with them. When you tell stories, especially personal stories, it helps people relate to you and allows you to show your

What is the profit maximizing (or loss minimizing) level of output in the short run? As highlighted in this week’s Learning Resources, typical firms in perfectly competitive markets will find the optimal ways to use and allocate their resources to be as efficient as possible and achieve success in the long run. In part, this