Which of the Following Types of Customers Should Be Rewarded

question 19

Multiple Choice

Which of the following types of customers should be rewarded with special offers and services that are not offered to other customers?

• A)loyal customers
• B)nonprofit customers
• C)new customers
• D)dissatisfied customers
• E)repeat customers

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Definitions:

Long Run

A period in which all factors of production can be varied, and no inputs are fixed.

Demand Inelasticity

A situation where the demand for a product does not change significantly with a change in its price.

Wendy's Hamburgers

A popular fast-food chain known for its burgers, recognized for its square hamburger patties.

Fast Food

A type of mass-produced food designed for commercial resale and with a strong priority placed on "speed of service" versus other relevant factors involved in culinary science.