Customers Are More Valuable When They Are All of the Following

question 93

Multiple Choice

Customers are more valuable when they are all of the following EXCEPT:

• A)in an industry with high-growth potential.
• B)well-known in the community.
• C)expected to continue to do business with a company.
• D)require special attention on a regular basis.

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Definitions:

Annual Output

The total production or output of a good or service in a year.

Capital-labor Ratio

The ratio of the total capital employed by a firm to the number of its labor force, indicating the amount of capital used per worker.

Production Function

Function showing the highest output that a firm can produce for every specified combination of inputs.

Annual Output

The total production or quantity of goods and services produced by a company or economy in one year.