Bicycle Store 2Wheels Notices That It Has a High Proportion

question 53

Essay

Bicycle store 2Wheels notices that it has a high proportion of low-profit customers, but the store doesn't want to terminate the customer relationship. What can 2Wheels do to make these customers more profitable?

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Definitions:

Bills

Documents that indicate the amount owed for goods or services provided, typically requiring payment within a specified timeframe.

Pay

The act of disbursing money in exchange for goods, services, or to fulfill any kinds of obligations.

1099 Forms

Tax forms used in the United States to report income from self-employment, interest, dividends, rents, and other sources of income.

SEC

The Securities and Exchange Commission, a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.