1. The company Servi + is a large service company that offers its maintenance and repair services to about 1,200 companies in Mexico City, Monterrey and Guadalajara. His clients are companies of all sizes. Customers with service needs call their customer service department and request repairs for air conditioning ducts, broken windows, leaking roofs, broken water pipes, and other similar problems. Servi + assigns each request a number and notes the service request number, customer account identification number, the date of the request, the type of equipment that requires repair and a brief description of the problem. Service requests are handled through a FIFO (PEPS) strategy. Once the service is completed, Servi + calculates the cost of the service, enters the price in the service request form and invoices the customer.
Servi + management is not happy with this arrangement, since the most important and profitable clients (those with accounts of more than $1,000,000 pesos) receive the same treatment as clients with small accounts. In this way, they are seeking to offer the best customers a better service. Management would also like to know what kinds of service issues occur most often so they can ensure they have adequate resources to fix them.
Servi + has information about its clients, so for each of them it has an account id, company name, address, city, state, zip code, account size in pesos, contact name and phone number. Contact. The contact is the person in each company responsible for communicating with Servi + in order to file a maintenance and/or repair report.
Servi + asks you for help in designing its process that considers a solution for customer service representatives to identify the most important customers, so that they can receive Priority service.
a. It models the current process (AS-IS) to serve companies.
b. Models the new process (TO-BE) for attention to companies considering the highest priority companies. Also, explain your reasons why you consider that it improves the current process and the benefits that this brings to Servi + and its clients.
If the Servi+ company installed a CRM to improve service:
c. What type of CRM would be more suitable for your attention and follow-up?
d. What benefits would Servi + and priority companies obtain with this service model?
Answers
a. The current process (AS-IS) for serving companies at Servi+ involves customers calling the customer service department to request repairs or maintenance services .b. The proposed new process (TO-BE) for serving companies at Servi+ aims to prioritize the most important and profitable clientsTo effectively manage customer interactions and follow-up, a Customer Relationship Management (CRM) system would be suitable for Servi+.d. By implementing a CRM system, Servi+ and its priority clients can benefit in several ways.
a. The current process (AS-IS) for serving companies at Servi+ involves customers calling the customer service department to request repairs or maintenance services. Each request is assigned a number and documented with relevant information such as the customer's account identification, date of request, equipment type, and problem description. Service requests are handled on a first-in, first-out (FIFO) basis. Once the service is completed, the cost is calculated, recorded on the service request form, and invoiced to the customer. However, management is dissatisfied with this arrangement as it treats all customers equally, regardless of their account size.
b. The proposed new process (TO-BE) for serving companies at Servi+ aims to prioritize the most important and profitable clients. In this new model, high-priority clients, with accounts of more than $1,000,000 pesos, will receive preferential treatment and a better level of service. This can be achieved by assigning a dedicated team or customer service representatives specifically for these priority clients. The TO-BE process ensures that the most valuable customers receive prompt attention and faster service, leading to increased customer satisfaction and loyalty. By focusing on important clients, Servi+ can enhance their relationship with these customers, potentially leading to increased revenue and long-term partnerships.
c. To effectively manage customer interactions and follow-up, a Customer Relationship Management (CRM) system would be suitable for Servi+. The CRM software should have features that allow for detailed customer profiles, tracking of customer interactions and service history, and automated reminders for follow-ups and service appointments. It should also provide robust reporting and analysis capabilities to identify patterns in service issues and resource allocation.
d. By implementing a CRM system, Servi+ and its priority clients can benefit in several ways. For Servi+, the CRM enables better organization and management of customer data, leading to improved efficiency in serving clients. The CRM helps identify priority clients and ensures that their needs are met promptly, strengthening the company's relationship with these valuable customers. The system also provides valuable insights into service issues, allowing Servi+ to allocate resources effectively and anticipate demand. For priority clients, the CRM ensures a higher level of service and personalized attention, enhancing their overall experience and satisfaction. This, in turn, can lead to increased loyalty, repeat business, and positive word-of-mouth referrals for Servi+.
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The current process involves handling service requests on a FIFO basis, treating all customers equally. The proposed new process introduces priority service for high-value accounts, ensuring faster and more specialized attention. Implementing a suitable CRM system further enhances customer service, communication, priority management, resource allocation, and data analysis.
a. Current Process (AS-IS):
Customers with service needs call the customer service department.
Customer service assigns a service request number and records customer account identification, request date, equipment type, and problem description.
Service requests are handled on a first-in, first-out (FIFO) basis.
Once service is completed, Servi+ calculates the cost, updates the service request form, and invoices the customer.
b. New Process (TO-BE):
Customers with service needs call the customer service department.
Based on account size, priority customers (with accounts over $1,000,000 pesos) are identified.
Priority customers receive expedited service, assigning dedicated service personnel and shorter response times.
Non-priority customers continue to be serviced under the existing FIFO strategy.
Service requests are still recorded with the relevant details.
Once service is completed, cost calculation, service request updates, and invoicing are carried out as before.
Reasons for Improvement:
The new process allows Servi+ to differentiate and provide enhanced service to its most important customers. By assigning priority status to high-value accounts, Servi+ ensures they receive faster and more specialized attention. This improves customer satisfaction, strengthens client relationships, and differentiates Servi+ from competitors. The process also allows Servi+ to allocate resources more effectively by focusing on the most common service issues faced by their clients.
c. Suitable CRM for Servi+:
Servi+ would benefit from implementing a CRM (Customer Relationship Management) system that enables efficient management of customer interactions, service requests, and client information. A cloud-based CRM solution would be suitable, as it provides flexibility, scalability, and accessibility from multiple locations.
d. Benefits of CRM Implementation:
Improved Customer Service: CRM centralizes customer information, allowing representatives to access client history, preferences, and service requests quickly. This leads to personalized and efficient interactions.
Enhanced Communication: CRM facilitates seamless communication between different departments within Servi+, enabling collaboration and knowledge sharing.
Priority Management: CRM enables the identification and prioritization of high-value accounts, ensuring dedicated and faster service for priority customers.
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Related Questions
Which two age groups have seen the sharpest increase as a percentage of taxpayers from 2008 to 2018?
Answers
Answer:
over age 55 paid about 45 percent
The two age groups that have seen the sharpest increase as a percentage of taxpayers from 2008 to 2018 are 45 and 55, 55 and 65.
Who has the sharpest increase as a percentage of taxpayers?This is known to be those who have the biggest increase in terms of the percentage of taxpayers.
The biggest or largest share of the income tax burden is said to be 29 percent and it is one that is often is borne by an approximate of between the age of 45 and 55, and the other next largest share is 23 percent – that are carried by people between the ages of 55 and 65.
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If bonds with different maturities are perfect substitutes, then the ________ on these bonds must be equal.
Answers
If bonds with different maturities are perfect substitutes, then the expected return on these bonds must be equal.
Expectations theory assumes that bonds of different maturities are perfect substitutes. . The supply and demand for each maturity bond alone determines the interest rate for that bond. It is based on the assumption that both lenders and borrowers have specific holding periods in mind, such as retirement savings and paying for a child's college education.
Because there is a relative stronger demand for short-term bonds than for longer-term bonds, the yield curve slopes upward. People like to make short-term loans.
Although yield curves typically slope upward, short-term interest rates are as likely to decrease or increase. Therefore, the evidence from the outside world contradicts this expectation theory prediction.
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How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answers
D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
which auto brand is currently made by the ford motor company?
Answers
Currently at the moment the auto brands ford is making is of the following: Lincoln. Have a good day and I hope this helps you :D
costs and benefits of satellites
grade 9 science
3. Research. Fill in the charts below in point form. Costs & Benefits of the technology that generated the spinoff. [4] TECHNOLOGY: Satelites COSTS BENEFITS
Answers
Satellite technology has both costs and benefits. On the cost side, developing and manufacturing satellites can be expensive, and launching them into space requires a significant financial investment. Additionally, maintenance, repairs, and replacements can add to the overall costs. However, the benefits of satellite technology are numerous. Satellites enable global communication, accurate navigation systems, and weather monitoring for improved forecasting and disaster management.
They also support Earth observation, scientific research, broadcasting, internet connectivity in remote areas, and more. These benefits range from enhancing connectivity and information access to enabling advancements in various fields such as agriculture, urban planning, and environmental monitoring.
TECHNOLOGY: Satellites
COSTS:
1. Development and manufacturing costs of satellites can be expensive.
2. Launching satellites into space requires significant financial investment.
3. Regular maintenance and upgrades of satellites incur additional costs.
4. Satellite collisions or malfunctions can lead to expensive repairs or replacements.
BENEFITS:
1. Communication: Satellites enable long-distance communication, allowing for global connectivity and instant communication between different parts of the world.
2. Navigation: Satellites aid in accurate positioning and navigation systems, enabling GPS services for various applications, such as transportation, logistics, and mapping.
3. Weather Monitoring: Satellites provide valuable data for weather forecasting, helping in predicting and tracking severe weather conditions, enhancing early warning systems, and supporting disaster management.
4. Earth Observation: Satellites capture images and collect data about the Earth's surface, atmosphere, and oceans, enabling various applications like environmental monitoring, agriculture, urban planning, and natural resource management.
5. Scientific Research: Satellites contribute to scientific research by providing data for studying climate change, space exploration, astronomy, and other scientific endeavors.
6. Broadcasting and Media: Satellites facilitate television and radio broadcasting, allowing for the distribution of content globally and reaching remote areas with limited terrestrial infrastructure.
7. Internet Connectivity: Satellites can provide internet access to regions lacking terrestrial connectivity, bridging the digital divide and enabling communication and access to online resources in remote areas.
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what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
Use the sum-of-year depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a new machine for $100,000 and
expects the machine will last for 10 years.
Answers
Answer:
20%
Explanation:
How to Calculate Straight Line Depreciation
The straight line calculation steps are:
Determine the cost of the asset.
Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount.
Determine the useful life of the asset.
Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount.
Straight Line Example
Company A purchases a machine for $100,000 with an estimated salvage value of $20,000 and a useful life of 5 years.
The straight line depreciation for the machine would be calculated as follows:
Cost of the asset: $100,000
Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost
Useful life of the asset: 5 years
Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Therefore, Company A would depreciate the machine at the amount of $16,000 annually for 5 years.
The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.
is matthew mark luke and john jewish
Answers
Mark and John were jewish but luke was greek
What is the type of economy: traditional-free market - command or mixed. And what is the place in the business cycle: prosperity- recovery- recession or depression
Answers
Answer:
The four stages of the economic cycle are also referred to as the business cycle. These four stages are expansion, peak, contraction, and trough. During the expansion phase, the economy experiences relatively rapid growth, interest rates tend to be low, production increases, and inflationary pressures build
An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock would be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money
Answers
Answer:
A) improperly; the order should have been placed on Thursday
Explanation:
An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.
In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.
Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.
However his delay till Friday resulted in a loss of $2 per share below Thursday's low.
The agent acted improperly.
If you show defensiveness, people are more likely to _____. a. confront you about your problems b. critique your performance c. close their communication d. check your goals
Answers
Answer:
C- close there communication
Explanation:
Assume that the Federal Reserve wants long-term interest rates to be higher than they are currently. To raise long-term interest rates, the Fed can: a. Buy long-term bonds, which will lower bond prices. b. Sell long-term bonds, which will raise bond prices. c. Buy long-term bonds, which will raise bond prices. d. Sell long-term bonds, which will lower bond prices.
Answers
To raise long-term interest rates, the Fed can sell long-term bonds, which will lower bond prices.
Sell long-term bonds, which will lower bond prices. The Federal Reserve can raise long-term interest rates by selling long-term bonds, which will lower bond prices. A bond is a fixed-income investment in which an investor lends money to an entity that borrows the funds for a defined period of time at a variable or fixed interest rate. Long-term interest rates are determined by long-term bond prices. As a result, when the Fed sells long-term bonds, it reduces the number of bonds available in the market and raises their prices. As a result, long-term interest rates rise.
Another way to increase long-term interest rates is by raising short-term rates, as long-term rates are influenced by short-term rates. This is accomplished by the Federal Reserve by raising the federal funds rate.
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Highlight four reasons why a person may start a business
i).....
Answers
Answer:
To create job opportunities
To earn or make profit
To new skill upskill
To demonstrate the value of entrepreneurs
Explanation:
Why would sole proprietors organize their businesses as LLC?
A Group of answer choices
B To hire better managers
C To reduce their financial liability
D To increase the risk their business faces
E To avoid double taxation
Answers
———
LLCs have become very popular because they provide the flexibility, informality and tax attributes of a partnership or sole proprietorship, and the limited liability of a corporation. To form an LLC, one or more people must file articles of organization with their state's business filing office.
8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?
Answers
a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.
Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.
However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.
b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.
The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.
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Differentiation Select one: (a) helps a firm get a competitive advantage if it just meets needs in the same way as other firms. (b) means that the marketing mix is similar to what is available from a competitor. (c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market. (d) is less obvious to target customers when there is a consistent theme integrated across the four Ps decision areas. (e) can only be based on one important element of the marketing mix.
Answers
Answer:
c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market
Explanation:
Differentiation is defined as the process by which firms make their products distinct from other competitor's products.
Differentiation is aimed at making a firm's product more attractive to the customer than others in the market.
It involves fine-tuning all of the elements of its marketing mix (price, product, place, promotion) to the specific needs of a distinctive target market.
This makes the product unique and differentiated from others.
When A customer returns goods to the business
Answers
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
your car tire suddenly went bust and you must buy a new one. what problem complexity did you experience?
Answers
The most common risks include injuries from manual handling, which account for over half of all reported tyre-related accidents; injuries from tools, which account for a quarter of incidents, notably from hand tools like tyre levers.
What is the most typical tyre problem?
The most frequent types of damage include rips, cuts, collisions, bulges, cracks, and asymmetrical wear.
What impact does a worn-out tyre have?
Tire wear increases the likelihood that air pressure will be lost, which affects a car's fuel efficiency, braking, and steering. Low pressure is a significant contributor to tyre blowouts, which increase the risk of a vehicle losing control.
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When you are creating a budget, should you use your gross pay or net pay? explain your reasoning.
Answers
Use your net salary rather than your gross pay, which is the sum you are paid after all applicable deductions. Utilize only trustworthy and consistent income. Rent, mortgage payments, and auto payments are examples of fixed expenses that frequently have contracts and are consistent from month to month.
You should decide whether to use your gross or net income when creating a budget before you start. Depending on the budgeting tool you choose, this will change. Some people may advise you to start by listing your gross income, followed by line items for taxes and deductions as costs. Others might request that you begin with your net salary. To avoid duplicate counting a cost in your budget (such health insurance payments that may have already been taken out of your pay), start with your net pay.
When creating a general monthly budget, choosing which revenue figure to use is a pretty small detail because your budget tool will provide guidance, or if you choose to budget manually, you can decide which method is best for you.
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Help me ITs EASY TAKE A LOOK
Answers
Answer:
a) Employees (Staff)
Chief Executive officer (Owner)
b) Government
Share holders
1. The types of businesses that can operate in a community are regulated by local
A community incentives.
B. zoning laws.
C. chamber of commerce members
D. economic indicators
Answers
Answer:
B. zoning laws.
Explanation:
Zoning laws are regulations put in place by the local authorities that dictate how real estate properties can or cannot be used in different geographical zones. Zoning laws can prohibit or limit properties in certain areas to be used for commercial or industrial purposes. For example, zoning laws may not allow the development of commercial buildings in residential neighborhoods.
Zoning shows whether specific geographic areas are acceptable for commercial purposes.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
What is the main reason companies offer free or promotional items and services?
to get rid of bad products
to lure in new customers willing to spend money
to reveal their new products to their competition
Answers
Answer:
lure in customers; so the middle option
Answer:
to lure customers
Explanation:
what can i do if my total in cash account is not the same in credit and debit side?
Answers
Answer:
Consider which items are meant for debit and credit.
Explanation:
The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.
Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.
Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.
The Big Bang is the predominant theory explaining the moment that what began?
Scientific theory
Historical cataloguing
The universe
Greek mythology
Answers
The Big Bang theory if the thought to be the creation of everything
what is a sender receiver model?
Answers
Answer:
the sendor receivor model is an expansion of the shannon-weaver model of communication
For the following transaction, identify the journal entry (account title, debit and credit, and related amount). Assume the entries are made on Dec 31st. Also, include whether or not you believe this adjustment is an accrual or deferral.
1. Supplies used for the year totals $1500
Answers
The journal entry (account title, debit and credit, and related amount) for the given transaction is as follows as mentioned in the below as per the transaction information.
Account Title Debit Credit
Supplies Expense $1500
Supplies $1500
Supplies are assets that are consumed over time and therefore are recorded as expenses. As a result, a debit to the Supplies Expense account and a credit to the Supplies account will be recorded.
Supplies expense is debited because they have been used up over time, and the supplies account is credited because it now reflects the reduced value of the supplies as a result of being used up.
The adjustment for this transaction is an accrual because it represents an expense that has been incurred but not yet paid or recorded.
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Net Income and OCF [LO2] During 2009, Raines Umbrella Corp. Had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $105,000, and $135,000, respectively. In addition, the company had an interest expense of $75,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions. ) a. What is Raines's net income for 2009? b. What is its operating cash flow? c. Explain your results in (a) and (b)
Answers
Raines Umbrella Corp.'s net income for 2009 was $107,250 and Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250
a. To find the net income, we need to start with the company's revenue and subtract all expenses, including interest expense and taxes:
Revenue = $730,000
Cost of goods sold = $580,000
Administrative and selling expenses = $105,000
Depreciation expenses = $135,000
Interest expense = $75,000
Earnings before taxes (EBT) = Revenue - Cost of goods sold - Administrative and selling expenses - Depreciation expenses - Interest expense
EBT = $730,000 - $580,000 - $105,000 - $135,000 - $75,000
EBT = $(165,000)
Taxes = EBT * Tax rate
Taxes = $(165,000) * 35%
Taxes = $57,750
Net income = EBT - Taxes
Net income = $(165,000) - $57,750
Net income = $107,250
Therefore, Raines Umbrella Corp.'s net income for 2009 was $107,250.
b. To find the operating cash flow (OCF), we need to start with the company's net income and add back non-cash expenses like depreciation:
Net income = $107,250
Depreciation expenses = $135,000
OCF = Net income + Depreciation expenses
OCF = $107,250 + $135,000
OCF = $242,250
Therefore, Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250.
c. Raines Umbrella Corp. had a net income of $107,250 for 2009, meaning that after all expenses and taxes were paid, the company had a profit of $107,250. This is a measure of the company's financial performance over the years.
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why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?
Answers
Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
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Alpha Home has a pay range of $10.50 to $12.00 per hour for sales associates in its stores. As the local economy picks up, most stores start offering $11.00, so Alpha does the same. But then workers with two years experience are eaming the same as new hires. What issue is facing HR managers? A. Fair pay for interns B. Ecual pay for comparabe worth 6. Equal pay for equal work D. Wage-rate compression
Answers
Answer:
Wage-rate compression.
FILL IN THE BLANK. research investigating high-performance workplaces found that performance-based pay _____ when combined with other high-performance practices.
Answers
Research investigating high-performance workplaces has found that performance-based pay can be effective when combined with other high-performance practices
The job's requirements, the performance measure chosen, and the level of employee participation in the performance evaluation process are some of the variables that affect how well performance-based pay works.
Performance, productivity, and employee satisfaction may all increase when performance-based pay is used in conjunction with other high-performance strategies like goal setting, employee involvement, and training and development. This is due to the fact that while other practices give employees the abilities, information, and drive they need to meet their performance objectives, performance-based pay recognizes and rewards their efforts and successes.
It is crucial to remember that the implementation and employee communication of performance-based pay will determine its effectiveness.
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