Which of the Following Strategies Would a Company Most Likely

question 70

Multiple Choice

Which of the following strategies would a company most likely use to increase customer satisfaction?

• A) decreasing the variety of offered services
• B) divesting
• C) lowering prices
• D) "firing" unprofitable customers
• E) limiting customer experiences with a brand

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Definitions:

Debts And Obligations

Financial commitments or responsibilities, such as loans and promissory notes, that an entity is required to pay to others.

Future Economic Benefits

The capability to assist in the direct or indirect increase of cash and cash equivalents for an organization.

Economic Entity Assumption

An accounting principle that assumes a company and its owners are separate entities for recording and reporting financial transactions.

Basic Assumption

Fundamental principles underlying the preparation of financial statements, typically including economic entity, going concern, monetary unit, and periodic reporting.