Income of the company and customer's loyalty programs

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The article is about company's income shaping by applying customer's loyalty programs. As it reveals by the practice, companies widely applying loyalty programs, as an institutional form of communication for wide range of market participants. Loyalty programs, as a rule, contains instruments for increasing sales and selling additional products and services for existing customers. Performance of the company depends on its ability to generate enough inflows to payback operating costs and calculating profit. Our analysis shows that customer's loyalty issues studying, as a rule, in the way to improve business competitiveness. Additionally, there is a necessity to negotiate all and any business decisions and also necessity of estimation its impact on company's financial condition. The same time there are informational needs in the external analytics to proceed financial condition estimation and its dynamic. In that case company faces with the lack of transparency and objectivity of the information provided by financial reports...

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Loyalty programs, business partner loyalty, financial communications, income, prepaid expense, contract liability, financial report indicators, international financial reports standards, management decision, pricing policy, probability

Короткий адрес: https://sciup.org/140244362

IDR: 140244362   |   DOI: 10.20914/2310-1202-2019-1-345-350

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