First response time (FRT) measures how long it takes to reply after a customer initiates contact. The lower your FRT, the better the customer experience.
Learn what inventory costs retailers need to keep track of, how to calculate total inventory costs, and how to reduce them.
Gross Domestic Product (GDP) is an economics term for the total value of all final economic goods and services produced in a country during a specific period of time in local currency. It is the broadest financial measurement of a nation’s total economic activity and encompasses the total goo...
Factor rates are decimals that the lender uses to calculate the total cost of the loan. This method can look simple from the outside, but when converted to an interest rate, the true loan cost can easily translate into a 50 percent APR or more. But unlike an APR, factor rates don’t...
To calculate the total amount owed, you’ll multiply the funding amount by the factor rate: Funding amount x factor rate = Total amount owed. For example, say you receive an advance of $50,000 with a factor rate of 1.4 that you anticipate repaying over six months. Your total repayment ...
Customer lifetime value (CLV) represents the total revenue a customer will generate for a business throughout the relationship. How do you calculate the lifetime value of a customer? To calculate customer lifetime value, multiply the average revenue per visit by the number of visits per year,...
Feel like you’re paying too much or not enough in federal taxes? Here’s how to calculate and adjust your tax withholding.
You also need to consider how much manpower, electricity, and materials are needed, since this will all impact the total costs of in-house 3D printing. However, investing in an in-house 3D printer offers significant advantages, including greater control over the production process, improved ...
“So, as part of our organisation’s GHG emissions report, we must use electricity emissions factors to calculate our total electricity emissions.” Brian is the Head of Sustainability at a manufacturing facility. Right now, he’s explaining how to calculate electricity emissions to the larger ...
Discover how to calculate fulfillment costs, including labor, storage and shipping expenses. Learn strategies to optimize and reduce your logistics costs.