An Organization's External Stakeholders Include _____A.employees, Owners, Suppliers, And The Board Of (2024)

When making a product mix decision, it's important to understand the contribution towards fixed costs that each product provides.

Fixed costs are the expenses that a company incurs regardless of the level of production, such as rent, salaries, and equipment maintenance. The contribution towards fixed costs refers to the amount of revenue each product generates above and beyond its variable costs, which are the expenses that vary based on the level of production.

The Merton Truck Company is facing such a decision, where they need to determine the best mix of two different truck models, Model 101 and Model 102, in order to maximize profits. This is a common issue in production and service industries where companies must allocate shared resources to different products with varying levels of demand.

To determine the total contribution towards fixed costs for each product, we need to calculate the contribution margin, which is the difference between the revenue and variable costs for each product. The contribution margin is then multiplied by the number of units sold for each product to determine the total contribution towards fixed costs.

For example, let's say that the contribution margin for Model 101 is $10,000 and the contribution margin for Model 102 is $15,000.

If Merton Truck Company only builds Model 101, and they sell 500 units, the total contribution towards fixed costs would be $5,000,000 (500 x $10,000). If they only build Model 102, and they sell 300 units, the total contribution towards fixed costs would be $4,500,000 (300 x $15,000).

Based on these calculations, we can see that building only Model 101 would result in a higher total contribution towards fixed costs. However, this doesn't necessarily mean that building only Model 101 is the best product mix decision for the company.

They need to consider other factors, such as the demand for each product, the availability of resources, and their overall marketing strategy.

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This, in his opinion, makes them appear frightening and deadly. If a management of an amusem*nt park refuses to select employees who have tattoos that are obvious while the park suit is worn.

What do workers at a company go by?

Some businesses have opted to use a different term to refer to its staff. They refer to them by names that are more affectionate and unique, such as team members, colleagues, or other terms.

What is the name for paying employees?

Payroll is the remuneration that a company owes its workers for a particular period of time and on a specific day. The payroll procedure may involve keeping track of the hours worked by employees, figuring out pay, and disbursing funds through chequeen or direct deposit.

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Numerous businesses, including LinkedIn, Flickr, Citizen, HNTB, Publisher North America, and Skanska, are based in the Empire State Building.

Do businesses have proper nouns?

Any particular company's names will be proper nouns. Since a preposition must identify a particular business, there isn't a general noun that will also apply to all businesses. The noun "business" is often used.

How are businesses using it?

Businesses communicate, store, manipulate, and retrieve data using information technology (IT). The goals of using IT in businesses are: Information technology aids in information storage. It facilitates the measurement of business metrics like profit and loss.

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Linda can still recover her commission because, the property value is $1,000,000 of which her commission is 7% or $70,000. The amount that is left after the property is mortgaged is enough for Linda's commission.

What is commission?

It is a payment made to a representative or employee for carrying out a task or rendering a service. A portion of the money collected from the total amount paid to the agent in charge of the business makes up the majority of it. For each automobile he sells, he receives a commission.

Value of the property = $1,000,000

Amount of Linda's commission = $1,000,000× 7% = $70,000

Amount taken out for mortgage = $1,125,000

Amount left = $1,125,000- $1,000,000 = $125,000

Therefore, Linda can recover her commission.

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A balance sheet is a financial statement that lists the assets, liabilities, and shareholders' equity of a corporation at a certain point in time.

What is a balance sheet?

The balance sheet of a business, usually referred to as a "statement of financial position," lists the company's assets, liabilities, and equity (net worth). The income statement, cash flow statement, and balance sheet combined form the foundation of any company's financial statements. It's crucial to comprehend the form of a balance sheet, how to read one, and the fundamentals of balance sheet analysis whether you're a corporate shareholder or a prospective investor. Liabilities and shareholders' equity for a company are located on the right side, which is also divided into long-term and short-term equity. When assets are deducted from liabilities, equity is what remains.

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The correct answer options are: A. Concept Development , B. Prototype Testing , C. Market Launch.

Concept Development: The concept development stage is the first stage in the new-product development process. During this stage, ideas for new products are generated and evaluated. Prototype Testing: The prototype testing stage is the second stage in the new-product development process. During this stage, a working prototype of the product is created and tested. Market Launch: The market launch stage is the final stage in the new-product development process. During this stage, the product is introduced to the market and made available for sale. In conclusion, the new-product development process is a structured approach to bringing a new product to market. The three stages of the process include concept development, prototype testing, and market launch, which help ensure that a new product has the potential to be successful and is ready for market introduction.

The complete question is :

Select three stages that are part of the new-product development process.

A. Concept Development

B. Prototype Testing

C. Market Launch

D. Sales Analysis

E. Market Research

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Shoprite's strategy is to offer a wide variety of high-quality products at low prices to appeal to a broad customer base.

Shoprite is a leading South African retailer that operates in the food, household goods, and furniture segments. Its strategy is centered around offering customers high-quality products at competitive prices through a combination of cost efficiencies and supply chain optimization, which it achieves through economies of scale and lean operating practices.

Additionally, the company has expanded its operations into other African countries, where it seeks to leverage its expertise in retail and supply chain management to drive growth and capture market share. Shoprite's strategy also emphasizes investment in technology and innovation to improve its customer experience and drive operational efficiency.

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Whether or not Tesla has a good strategy is a subject of ongoing debate, and opinions may vary depending on who you ask. However, there are certain factors that can be considered when evaluating the effectiveness of Tesla's strategy.

One key aspect of Tesla's strategy is their focus on developing and producing electric vehicles (EVs) that are technologically advanced, environmentally friendly, and have a high level of performance. This strategy has helped the company to differentiate itself from traditional automakers.

While Tesla's strategy has certainly had its successes, there are also some potential weaknesses and challenges to consider. One of the biggest concerns is their ability to scale production and delivery of their vehicles, particularly with the recent global supply chain disruptions.

Additionally, some critics have argued that the company's growth has been driven more by hype and speculation than by fundamental financial and operational performance.

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Option C. When a corporation decides to spin off a subsidiary to its shareholders, after completion, the shareholders will own shares of C) both the parent and subsidiary company.

In corporate finance, a subsidiary is a company that is partially or wholly owned by another company, known as the parent company. When a corporation decides to spin off a subsidiary to its shareholders, the shareholders will own shares of both the parent company and the subsidiary company. Hence, option C) is correct.

The distribution of shares in the subsidiary company to the parent company's shareholders is usually done on a pro-rata basis, which means that each shareholder will receive a certain number of shares in the subsidiary based on their ownership percentage in the parent company.

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The statement " Unlike a production-orientated firm, a firm embracing a sales orientation focuses on customer wants and needs so it can develop the best product at the lowest cost that will require very little selling effort." is true because it focuses on producing as much as possible at the lowest cost possible.

A sales orientation is all about focusing on the customer.

By identifying these wants and needs, the company can then develop a product that is tailored to meet them.

So, is the statement true or false? The answer is true. A production-oriented firm.

This approach may result in a product that is not tailored to customer needs, making it difficult to sell. In contrast, a sales-oriented firm prioritizes customer wants and needs, which often leads to a more successful product and less selling effort.

This includes things like providing excellent customer service and offering competitive pricing.

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Your property may be seized as a result of the following sorts of loans:

Credit card loansMortgage loansCar loansStudent loans, etc

When debtors are unable to repay their loans, is property taken from them?

A writ of seizure and sale may be issued by the court when a borrower defaults on a mortgage and the debt is foreclosed. A property may be seized by a bank, creditor, or lender through the legal process of foreclosure, after which the home may be sold.

When will a bank seize a piece of property?

Banks take control of a borrower's property when they think they won't be able to recoup the loan. After the borrower has repeatedly missed payments, the lender auctions off the asset to reclaim the unpaid principal and interest.

What debts run the danger of your property being seized?a loan with collateral, such as a mortgage that could result in a home's foreclosure, a car loan that could result in the vehicle's seizure, etc. Examples of secured loans include first, second, or even third mortgages, mechanics liens, and auto loans.In connection with different unsecured loans that require a court order, a Request and Order to Confiscate Property may be utilized to seize your property. All loans without collateral, including credit card loans, payday loans, personal loans, student loan debt, and payday loans, are categorized as unsecured loans. Any creditor may request that a judgment be issued by the court to seize your property, but since filings in court are expensive.

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The selection criteria for projects are often divided into qualitative and quantitative categories.

What standards apply to a project?

The triple constraints—cost, scope, and time—are the three requirements for project success. Although the specifications may vary based on the project's business, employer, or aim, success depends on these three factors.

What three project criteria are there?

The three components are scope, time, and cost. Any modification to one of these components will require a change in another component as well. This article describes the project management triangle's theory and how to apply it to successfully manage projects even while requirements and circ*mstances change ineluctably.

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A sellers agent should not refuse to write the offer for a potential buyer whose financial status is questionable, as this would be unethical. The agent should also suggest that the offer include a prompt closing date and a high earnest money payment, to demonstrate the buyer's commitment to the purchase.

Here, correct answer will be b) insist on a prompt closing.

This will help to ensure that the buyer is serious and will provide the seller with some additional security in the event that the transaction does not go through.

If the buyer is not able to provide a high earnest money payment, the agent should discuss alternatives with the seller such as taking a second mortgage or agreeing to hold a deed in escrow. By discussing the buyer's financial status and suggesting a suitable solution, the seller's agent can ensure that the seller is fully informed and that any reservations can be clearly communicated.

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When a dispute is resolved through mediation, the mediator suggests a course of action that takes into account any concessions that will be required. Given statement is False.

What is mediation ?

When both federal and state courts have the authority to consider a specific matter, concurrent jurisdiction exists. The word "venue" refers to a case's specific location. Mediate a procedure wherein unrelated third parties aid in the negotiation efforts of the parties engaged in conflict. a situation when a mediator, who is unbiased, helps the parties communicate so that they might hopefully reconcile, come to a resolution, or at least understand one another.

The resolution of misunderstandings, identification of underlying interests and concerns, identification of areas of agreement, and incorporation of those areas into solutions developed by the parties themselves.

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True, Shimano sells the fishing and golfing equipment it manufactures to sporting goods stores, which in turn sell the equipment to anglers and golfers. Shimano is engaged in business marketing.

Business marketing, also known as business-to-business (B2B) marketing, refers to the marketing of goods or services from one business to another. In this case, Shimano sells its fishing and golfing equipment to sporting goods stores, which are other businesses that serve as intermediaries in the distribution process.

The sporting goods stores, in turn, sell the equipment to individual anglers and golfers who are the end-users. Business marketing can be distinguished from consumer marketing, which involves the marketing of goods or services directly to individual consumers.

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d. none of the above are not part of the promotional mix.

All of the options (a, b, and c) are part of the promotional mix, which is a term used to describe the various tactics and strategies that a company can use to promote its products or services. Direct selling involves selling products or services directly to consumers, while sales promotion is a short-term incentive used to encourage customers to make a purchase. Advertising is the use of various media to communicate a message about a product or service to a large audience.

The promotional mix refers to the various marketing tools and techniques that organizations use to promote their products or services. The mix includes the four Ps of marketing: product, price, place, and promotion. The latter, promotion, includes different tactics and strategies to communicate with and influence potential customers.

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If an aluminum crimp connector were used to connect a copper wire to a battery, Only the copper wire will corrode which you expect to happen.

How do you connect aluminum to copper wire?

Pigtails and approved connectors are the most common way of connecting copper to aluminum. Twist a small piece of copper wire onto the original aluminum wire. Connect the copper and aluminum wires with a dual-rated connector.

Al/Cu compression cable lugs of high quality are ideal for connecting aluminum conductors to copper conductors. Contact grease improves contact properties when used with aluminum connectors. Aluminum/copper connectors are required to connect aluminum and copper conductors professionally.

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The major stakeholders for an open tap brewery would include customers, employees, shareholders, suppliers, distributors, regulators, and the local community.

While all stakeholders are important for the success of the company, in my view, the customers and employees hold the most significance for the company's long-term success.

An open tap brewery would have various stakeholders, each with their own interests and expectations. These stakeholders would include:

Customers: Customers are the lifeblood of any business, and an open tap brewery would depend on them for its revenue and growth. Customers would expect high-quality craft beer, good service, and a welcoming atmosphere.

They would also expect the brewery to be socially responsible and environmentally sustainable.

Employees: Employees are critical to the success of any business, and an open tap brewery would need skilled brewers, servers, and managers to run its operations effectively.

Employees would expect fair compensation, a safe and healthy work environment, and opportunities for growth and development.

Shareholders: Shareholders would expect the brewery to generate profits and provide a return on their investment. They would also expect the company to operate ethically and sustainably, and to be transparent in its financial reporting.

Suppliers and distributors: Suppliers and distributors would provide the raw materials and transportation services needed for the brewery's operations. They would expect timely payments and clear communication from the brewery.

Regulators: Regulators would ensure that the brewery complies with local, state, and federal laws and regulations related to alcohol production, sales, and distribution. They would also expect the brewery to operate safely and responsibly.

Local community: The local community would be impacted by the brewery's operations, and would expect the company to be a good neighbor and contribute to the local economy and community.

In my view, the customers and employees hold the most importance for the company's long-term success. Customers are the source of the company's revenue and growth, and their satisfaction and loyalty are critical to the brewery's success.

Employees are the backbone of the company, and their skills, knowledge, and commitment are essential to the quality of the beer and the customer experience.

By prioritizing the needs and expectations of these stakeholders, the company can build a strong reputation, attract and retain customers, and achieve sustainable growth and profitability.

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Policy analysis is the predominant practice in the formulation stage of the policy process.

Policy analysis is an important stage in the policy process that comes after policy formulation. Once a policy has been formulated, it is important to analyze its potential impact, costs, and benefits. Policy analysis involves evaluating different options, considering the available data and evidence, and weighing the pros and cons of different policy choices.

This helps policymakers make informed decisions about which policy options are most likely to be effective and efficient in achieving their objectives. Policy analysis can also help identify potential unintended consequences of different policy choices, and can inform ongoing policy evaluation and revision.

Overall, policy analysis is a critical step in the policy process that helps ensure that policies are evidence-based, well-designed, and effective in achieving their intended goals.

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d. How much do we need to compensate our employees?

What is an HR plan?

An HR plan is a comprehensive strategy for managing a company's human resources. It encompasses various aspects such as determining staffing requirements, attracting and retaining employees, offering professional growth opportunities and ensuring adherence to labor laws. An efficient HR plan is critical for an organization's success as it helps attract and retain talented employees, aligns with the business objectives and fosters a positive work environment.

Hence, the answer is, d. How much do we need to compensate our employees?

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When calculating changes in the value of a market basket, specific year is held constant. When calculating changes in real GDP prices are held constant.

When calculating changes in the value of a market basket, a specific year is held constant. This year is referred to as the base year, and it serves as a benchmark for comparison with other years. The market basket is a hypothetical set of goods and services that represents the average consumption pattern of a household or the entire economy.

By fixing the base year, economists can compare the cost of the same set of goods and services in different years, and track the changes in their prices over time. This comparison is used to calculate the Consumer Price Index (CPI), which measures the inflation rate and the purchasing power of a currency.

On the other hand, when calculating changes in real GDP, the prices of goods and services are adjusted for inflation. Real GDP is a measure of the total value of all final goods and services produced within a country's borders during a given period, usually a year.

Unlike nominal GDP, which is calculated using current market prices, real GDP is adjusted for changes in the general price level over time. This adjustment is done by using a GDP deflator, which is a ratio of nominal GDP to real GDP, and reflects the changes in the prices of goods and services.

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The opportunity cost to Brenda of going to the sharks game is $110.

Opportunity cost is the cost associated with picking up an alternative. In other words, it is the cost of the second-bast alternative.

In the given situation, if the person goes to the Sharks game, then analyse what all the person is giving up by not choosing the second-best alternative, which is going to the Warriors game.

First, the person is giving up the price of the game, $60, which could have been spent somewhere else. However, the person could have retrieved $30 from the $60 spent on the game tickets if the person had gone for the Warriors game. This makes the opportunity cost to be reduced by $30, as the other $30 is not wasted.

Second, the person has also given up S80 worth of the tickets, had the person gone for the Warriors game. Therefore, the total opportunity cost is S30 + S80 = $110.

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All four of these items can be changed in the Power Pivot Data Model. Source data can be changed by connecting to new or different data sources or by modifying existing ones.

Text entries can be changed by either modifying the entries or adding new ones. Numeric entries can be changed by modifying the existing values or adding new ones. Finally, column names can be changed to make the data model easier to understand and use.

This can help to ensure that the data model is well organized and easier to navigate. In addition, these changes can help to prevent errors in calculations and make the data easier to analyze. By making these changes, the Power Pivot Data Model can be tailored to better meet the needs of the user.

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The issues with the classical viewpoint are it is too difficult to use and has fallen out of favor in modern times, it fails to account for the importance of human needs, it views humans as cogs in a machine and it is overly mechanistic. The correct options are 2,3, 4 and 5.

The Industrial Revolution gave rise to the classical viewpoint, which emphasises the effectiveness, output, and productivity of both individual employees and the organisation as a whole. Typically, it does not pay attention to behavioural or human characteristics or staff diversity.

The traditional view of management is frequently criticised for disregarding employees' needs and wants at work and for failing to account for human error.

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Ann has 8 chickens in her yard. This week, they produced 5 eggs each, which means that she has a total of 40 eggs.

She can pack the eggs into 6 egg cartons, with each carton containing 6 eggs and having 4 eggs left over.

Ann has 8 chickens in her yard, and each chicken produced 5 eggs this week. This means that she has a total of 40 eggs. She can pack the eggs into 6 egg cartons, with each carton containing 6 eggs, which leaves 4 eggs left over. This is because 6 multiplied by 8 is 48, and 48 minus 40 is 8, which is the number of eggs left over.

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When the price ratio is equal to the Marginal Rate of Technical Substitution (MRTS), it means that the cost of substituting one input for another is equal to the ratio of the prices of those inputs.

In other words, it is the point where the firm is minimizing the cost of production for a given level of output. At this point, the firm is using the optimal combination of inputs in production, and any changes in input usage would lead to higher costs or lower output.

The MRTS is the rate at which the firm can substitute one input for another while keeping the level of output constant. If the price ratio is equal to the MRTS, it indicates that the firm is already producing at the minimum cost point, and any change in the input usage would result in higher costs.

Therefore, the firm should continue to use the optimal combination of inputs in production, and any changes in input usage should only be made if the price ratio or the technology changes.

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When making operations decisions related to logistics, companies must consider several factors, such as:

Demand: A company needs to have a clear understanding of customer demand in order to plan their logistics operations, including transportation and inventory management.Transportation: Companies must decide the best mode of transportation to move their goods from one place to another, including factors such as cost, speed, and reliability.Inventory: Companies must decide on the right inventory levels to maintain, in order to meet demand without holding too much inventory that can tie up cash flow.Location: Companies must decide where to locate their warehouses, factories, and distribution centers in order to minimize transportation costs and lead times.Manufacturing example: A company that manufactures furniture needs to consider the size and weight of their products, as well as customer demand, when deciding on transportation methods. They may also need to consider where to store their raw materials, and how much to keep in inventory in order to meet customer demand.Service example: A courier service needs to consider the speed and reliability of transportation when delivering packages to customers. They may also need to consider the location of their distribution centers in order to ensure timely delivery.

Efficient warehousing is an important part of operations productivity because it can help minimize costs associated with storing and handling inventory. A well-organized warehouse can help minimize the time and labor required to move inventory, as well as the amount of space required for storage. It can also help minimize errors and damage to products, which can result in higher customer satisfaction.

Sourcing of materials is an important strategic requirement that can impact operations in several ways. Poor sourcing choices can result in supply chain disruptions, quality issues, and higher costs. For example, if a company sources its raw materials from a supplier in a high-risk country, it may face supply chain disruptions due to political instability or natural disasters.

This can impact the company's ability to produce and deliver products to customers. Quality issues can also arise if a supplier provides materials that do not meet the required specifications, resulting in product defects or recalls. Finally, poor sourcing choices can result in higher costs, as the company may need to pay higher prices to find alternative sources of materials.

To mitigate these risks, companies need to carefully evaluate their suppliers and their supply chain risks. They should have backup plans in place in case of disruptions, as well as quality control processes to ensure that materials meet the required specifications. Additionally, they should continually evaluate their sourcing choices to identify opportunities for cost savings or process improvements.

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The right answer is option C. The Long-term debt and Retained profits accounts both have balances of $145,434 while the Accruals account has a balance of $26,990.

A financial statement called a balance sheet gives a quick overview of a company's financial situation at any given time. It contains details on the company's equity, liabilities, and assets.

Cash accounts receivable, and fixed assets are examples of things in the assets area that belong to the corporation. The accounts payable, short-term, and long-term debt that the corporation owes are among the elements listed under liabilities.

Retained profits, or the amount of profit the corporation has maintained in the business, are among the components in the Equity section.

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The question is -

Consider the following balance sheet for Ajax Industries:

Which of the following selections relating to these statements is true?

a. The Accounts receivable account has a balance of $87,365, while the Accruals account and Retained earnings account have balances of $26,990 and $139,794, respectively.

b. The Accruals account has a balance of $87,365, while the Fixed assets account and Retained earnings accounts have balances of $139,794 and $145,434, respectively.

c. The Accruals account has a balance of $26,990, while the Long-term debt and Retained earnings accounts have balances of $145,434 and $395,109, respectively.

d. The Accounts receivable account has a balance of $145,434, while the Accruals account and the Retained earnings account have balances of $26,990 and $87,365, respectively.

This statement is True that transshipment points are locations where goods neither originate nor end up, but goods are allowed to enter such points to be shipped out to their eventual destinations.

Transshipment points are logistical points where goods are transferred between transportation modes. They are commonly used in international trade, as they allow goods to be moved between different countries and continents.

Transshipment points are important as they allow goods to be transferred between different transport networks, such as ships, planes and trucks, thereby reducing the cost of shipping goods around the world. Furthermore, they allow goods to be sent to the most suitable port or airport, depending on the cargo, and they provide a way of avoiding customs and taxes when shipping goods between nations.

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The tensions between corporate culture, financial incentives, and employee conduct is illustrated by the Wells Fargo cross-selling scandal.

What are cross selling?

Cross-selling is the practise of selling related or complementary products to a customer. Cross-selling is one of the most effective marketing strategies. Selling different types of investments or products to investors or tax preparation services to retirement planning clients are examples of cross-selling in the financial services industry.

The more products a customer has with Wells Fargo, the more information the bank has on that customer, allowing it to make better credit, product, and pricing decisions. Customers who purchase multiple products are also far more profitable.

According to Stumpf, in order to succeed at cross-selling, you must do a thousand things correctly. Long-term commitment, significant investment in systems and training, appropriate team member incentives and recognition, and taking the time to understand your customers' financial situations are all required.

Therefore, the culture at Wells Fargo become so focused on growing sales through cross-selling.

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