To Increase Customer Loyalty, 2Wheels Wants to Start a Club

question 130

Short Answer

To increase customer loyalty, 2Wheels wants to start a club for its dedicated customers, but wants to make sure that only members who want to participate in activities join the club. What can it do to ensure this?

Apply mathematical ratios and proportions in financial contexts.

Calculate the impact of inflation and the cost of living adjustments over time.

Understand the principles of investing and the calculation of gains or losses in a foreign currency.

Analyze budgetary proportions and calculate expected costs based on given ratios.

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Definitions:

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory, often used to maintain the safety, health, morals, and general welfare of its inhabitants.

State Responsibility

The legal and political concept that states are accountable for upholding international laws, norms, and agreements.

Parens Patriae

A legal principle that allows the state to act as the guardian for those who are unable to care for themselves, including minors and the mentally ill.

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory, often used for protecting health, safety, morals, and the general welfare of the public.