What Type of Strategy to Attract Customers Should a Firm

question 99

Multiple Choice

What type of strategy to attract customers should a firm that promotes quick and on time delivery utilize?

• A) Quality
• B) Low cost
• C) Flexibility
• D) Dependability
• E) Accessibility

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Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted, but before taxes and interest expenses are deducted.

Price Hike

An increase in the price of goods or services, often due to factors like inflation, demand, or rising costs.

Traceable Fixed Expense

A fixed cost that can be directly associated with a specific business segment or department.

Price Reduction

A decrease in the selling price of goods or services, typically to attract customers or boost sales.