The value of call monitoring

Assignment Help Business Economics
Reference no: EM131606939

The Value of Call Monitoring

Comcast's call center had a problem with unresolved incidents. Customers who called in for technical help often had to make follow-up calls because the first recommended solution did not work. Since the call center staff were expected to handle an average of 10 calls per hour, Comcast suspected that calls were being terminated before the complaint had been resolved. As a possible solution, they hired supervisors to randomly listen into calls so as to better monitor inappropriate call terminations at a cost of $8,000 per month. This cut down the need for follow-up calls and, more importantly, increased customer retention. The number of customers who called in a complaint and would terminate services within three months was cut from 150 to 130. How large must the present value of a retained customer's contribution margin be for additional monitoring to be profitable?

Reference no: EM131606939

Questions Cloud

Estimate the volume of the tree : The circumference of a tree at different heights above the ground is given in the table below. Assume that all horizontal cross-sections of the tree.
Electronic component used in airport radar systems : Consider a market for an electronic component used in airport radar systems. Two firms hold a patent on the component and only they can sell the product.
The firm uses money market hedge : What is the US dollar cost of the payables in 180 days if the firm uses a money market hedge
How will you use this knowledge in telling your story : How did they shape your vision of yourself and your world? Words and stories are powerful; most parents, teachers, ministers, salesmen.
The value of call monitoring : Comcast's call center had a problem with unresolved incidents. Customers who called in for technical help often had to make follow-up calls
Discuss the various methods of teaching : Discuss the Various Methods of Teaching, Lecture or the chalk and talk method
Show that the water level falls at a constant rate : A bowl has the shape of the graph of y = x4 between the points (1, 1) and (-1, 1) rotated about the y-axis. When the bowl contains water to a depth of h units.
New bonds offer in order to sell at face value : What coupon rate must the new bonds offer in order to sell at face value?
Explain using diagrams whether monopoly : Explain using diagrams whether monopoly is socially preferred market structure to the perfectly competitive market in the presence of negative externality.

Reviews

Write a Review

Business Economics Questions & Answers

  How should wage rates be determined

Why might a company choose to produce in one low-cost country rather than another? Now consider what new challenges come from producing in foreign locations. For your new global product/service: How should wage rates be determined?

  Discusses monetary policy

Find an article (newspaper, magazine, or online) that discusses monetary policy. Use the article to answer the following questions. 1. The article indicates what monetary instrument(s) is/are being used by the central monetary authority? 2. Which ins..

  Q1 when the value of a nations imports exceeds the value of

q1. when the value of a nations imports exceeds the value of that nations exports the nation is said to have what?q2.

  Responsibility to dispose of the extrusion machine

Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for possible future product and estimates that the reservation value is $250..

  How do we pick best energy alternative

Chemical process that converts hydrogen and oxygen into electricity and waste heat Oxygen from atmosphere, hydrogen from gas, solid hydrogen storage, or from hydrocarbon fuel Produce few emissions. How do we pick best energy alternative.

  What was the government action

Bell would not allow independents to use his long distance network. What was the government action?

  Write report on the supply and demand of coal

B01BECO107 Business Economics Assignment - Report Writing. You are to write a 1500 words report on the supply and demand of coal. The price of coal is determined by supply and demand. The price of coal has dropped to half now compared to its peak pr..

  Entry of new vendors in the market for ice cream will cause

The entry of new vendors in the market for ice cream will cause a: A.) movement down and to the left along the supply curve B.) movement up and to the right along the supply curve C.) shift to the right of the supply curve D.) shift to the left of th..

  Identify the cournot-nash equilibrium output for each firm

Consider a market containing four firms, each of which produces an identical product. The inverse demand for this product is p = 100 ? Q. The production cost for each firm is identical and given by C(qi) = 20qi , i = 1, 2, 3, 4. This means that for e..

  Show labor market with a binding minimum wage

Using a supply-demand diagram, show a labor market with a binding minimum wage. Now, use the diagram to show those who are helped by the minimum wage, and those who are hurt by the minimum wage.

  Thinking about our recent discussions on macro equilibrium

The year is 2009 and you have just been elected President of the U.S. The economy is in crisis due to problems in the financial sector and housing markets. Unemployment is 9.5% and rising and the BEA reports GDP has decreased over the last two quarte..

  Pricing structure in perfect competitive market

What is the pricing structure in a perfect competitive market. What is the pricing structure in a monopoly. If the company produces nothing which of the costs is equal to zero?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd