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Author Archives: Anonymous

ID region

ID region

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When a production possibilities frontier is bowed outward, t…

When a production possibilities frontier is bowed outward, the opportunity cost of producing an additional unit of a good

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Once relevant studies have been identified, the researcher’s…

Once relevant studies have been identified, the researcher’s next step is to:

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Closet dramas are those written to be performed rather than…

Closet dramas are those written to be performed rather than read.

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What does the “gradient” refer to with reference to the move…

What does the “gradient” refer to with reference to the movement of molecules?

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For a study to be considered current, it should be published…

For a study to be considered current, it should be published within the last:

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What is Adaption and Specialization with respect to the trad…

What is Adaption and Specialization with respect to the trading partners in marketing channels?  How can this play a role in the evolution of marketing channels?  

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Person A is in need of a kidney.  A donor is found but after…

Person A is in need of a kidney.  A donor is found but after considerable testing, the donor is not found to be a match.  What membrane bound protein is being considered?

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Your company sells a subscription box service  and you have…

Your company sells a subscription box service  and you have decided to use the concept of customer lifetime value to contemplate your marketing expenditures both for acquiring a new customer as well as retaining current customers.  Your marketing research team has presented you with the following information, all based on the typical customer of your primary target market: Average customer revenue per month = $39 Average customer costs per month = $9 (this includes all variable costs of products, shipping, etc.) Average customer lifetime is 10 months Note that for the typical customer type, the majority fall into the 8- to 12-month range.  In other words, the distribution has a fairly tight standard deviation.  Also, it is a fairly normal distribution with no skewness and there are no outlier groups that would sway the mean to either direction.  Thus, the 10 month average is a rigorous metric. Current cost to acquire a new customer = $100 Additional cost to maintain a customer beyond the 10-month average = $14/month This is accomplished by offering a reduced monthly price, from $39/month to only $25/month All other monthly variable costs remain the same. The average additional time is another 10 months of patronage. Questions to answer: What is the Customer Lifetime Value for a 10-month customer, not considering the acquisition cost? What is the net Customer Lifetime Value for a 10-month customer, including the acquisition cost? What is the net monthly value of the typical customer for each month of “maintenance mode”? What is the net Customer Lifetime Value for an entire 20-month customer (with the final 10 months in “maintenance mode’)? What are the pros and cons of maintaining a customer for that additional 10 months? Is it worth it to maintain the customer or is it better to just get new customers?  What is your rationale?  

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Passive and active transport processes move ions and molecul…

Passive and active transport processes move ions and molecules into and out of cells.  Vesicular transport moves larger substances into or out of cells.  Which of the following is not a form of vesicular transport?

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