Examlex
After years of using a mass marketing strategy,Digital Print Shops has responded to new competition from national chain stores by focusing on small market segments that have been ignored by their larger competitors.Digital believes that by offering these market segments personalized customer services it can attract a loyal group of customers willing to pay premium prices.Digital's strategy to improve profits is known as:
Deposits in Transit
Deposits in transit refer to funds that have been received and recorded by a business but not yet reflected in the bank's records.
Service Charges
Fees charged for providing a particular service, often seen in banking and accommodations.
Current Assets
Resources anticipated to be turned into cash, disposed of, or used up either within one year or over the length of the business's operational cycle, depending on which period is greater.
Net Sales
Revenue from the sale of goods or services after deducting returns, allowances, and discounts.
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