The Owner of a Pet Grooming Salon Wants to Calculate

question 59

Multiple Choice

The owner of a pet grooming salon wants to calculate customer equity.Which of the following would be a step the owner of this pet grooming salon should complete?

• A)Compare investments made by the salon owner in acquiring the customer to the total amount of purchases made by the customer.
• B)Compare investments made by the salon owner to retain this customer to the total amount of taxes the salon owner pays.
• C)Ask the customer if she is planning on getting any new pets.
• D)Investigate how many other pet grooming salons are within five miles to determine the likelihood of this pet owner returning to this salon.
• E)Determine the age of the pet to estimate how much longer this customer may need the services of the salon.

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Definitions:

Investment Account

An account held at a financial institution that contains securities, cash, and other investment vehicles.

Related Income

Income that arises from transactions or relationships between entities that have a special connection or are part of the same group.

Revaluation

An adjustment of the book value of an asset or currency to its fair market value, often affecting the financial statements of a company.

Zebrafish

A tiny fish that thrives in freshwater, frequently utilized in scientific studies because of its clear embryos and fast growth rate.