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Reichheld's Service-Profit Chain is a theory that connects employee satisfaction, customer loyalty, and profitability. It suggests that happy employees lead to satisfied customers, which in turn leads to increased loyalty and profits. By investing in employee satisfaction and development, companies can improve customer satisfaction and ultimately drive financial success.
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If a cycle manufacturer reduced selling price of cycle by 50 the number of cycle sold radically increased by 600. Initially the manufacturer was getting only 140 profit. What is the percentage increas?
To find the percentage increase in profit, we first need to determine the initial profit and the new profit after the price reduction and increase in sales. Initially, the profit was 140. If the selling price is reduced by 50 and the number of cycles sold increases by 600, the new profit can be calculated as follows: New profit = (Selling price - Cost price) * New quantity sold - (Selling price - Cost price) * Initial quantity sold = (Selling price - Cost price) * (Initial quantity sold + 600) - Initial profit. Assuming the cost price remains constant, you would need the initial selling price and cost price to compute the exact new profit and hence the percentage increase accurately. However, if we assume the profit doubles due to the increased sales, then the percentage increase would be roughly 100%.
What is the first step to the billing cycle?
The first step in the billing cycle is to capture the necessary information about the service provided or the product sold. This information typically includes the description of the service, quantity, and price.
Valid phase of managed services life cycle in Wipro technologies?
The valid phases of the managed services life cycle at Wipro Technologies typically include service strategy, service design, service transition, service operation, and continual service improvement. These phases ensure that services are aligned with business needs, efficiently designed, effectively transitioned, and continuously optimized for performance. Each phase is crucial for delivering high-quality managed services that meet client requirements and enhance operational efficiency.
What is the worlds oldest life saving service?
The Royal National Lifeboat Institution (RNLI) is considered the world's oldest life-saving service. It was founded in the United Kingdom in 1824. The RNLI is a non-profit organization dedicated to saving lives at sea.
How are the principles of allocation different for profit and not-for-profit organizations?
An important point to remember is that the principles of allocation are the same for for-profit and not-for-profit organizations. The only difference is that the cost objects will be dissimilar.
Profit and customer service do not go hand in hand?
Profit and customer service are inversely proportional to one another. If we are good at customer service then we will loose the profits.RegardsVenkat
An activity which seeks to earn a profit by providing a good or service is known as?
any activity which seeks to earn a profit by providing a good or service is known as
What is the location of source area in catering service?
profit?
What is product and service in a business?
product and service in your life cycle
What do you call a business whose goal is to provide a service rather than to make a profit?
Any business that has a goal of not making a profit is a Non-profit business. The service it provides can be debt counseling for example for indigent people. Or, for another example, a non-profit service business can be one that helps people with their tax returns.
How does a non-profit add an additional service location?
By opening it.
What is a commercial sector?
is the service offered to the clients for profit provision
What is the average profit margin for financial service companies?
30%
Merchandising and service company have gross profit?
do some research
Function of lending service?
To make a profit via viggorish
What is commercial sector?
is the service offered to the clients for profit provision
What should be a hotel manager goal profit or outstanding service?
To give the best service to customers qualityinnviha.com
