Which of the Following Is an Example of Enhancing the Growth

question 139

Multiple Choice

Which of the following is an example of enhancing the growth potential of each customer through cross-selling?

• A) In addition to bicycles, 2Wheels stocks biking gear such as helmets, bottles, jackets and other accessories.
• B) 2Wheels has a club for its regular customers, organizing cycling events and parties for them.
• C) Though 2Wheels previously offered free delivery, it now charges for deliveries made outside the city.
• D) 2Wheels allows existing customers to upgrade to a newer model at less than the sticker price by trading in their older model.
• E) 2Wheels encourages customers to send in their suggestions for product improvement.

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Definitions:

Social Regulation

Rules imposed by government to correct market failures and protect individuals and the environment from negative externalities, focusing on areas such as workplace safety, environmental protection, and public health.

Natural Monopolies

Natural monopolies occur in industries where the costs of production are lowest when only one firm provides the product or service, often due to high infrastructure costs making competition impractical.

Too Much Labor

A situation where there is an excess supply of labor in the market, leading to unemployment or underemployment.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to prohibit monopolies and restrict business practices that reduce market competition.