What Is the Primary Disadvantage Associated with Using Financial Incentives

question 32

Multiple Choice

What is the primary disadvantage associated with using financial incentives as a means of developing customer relationships?

• A) They take a long time to work.
• B) Customers may resist the use of financial incentives.
• C) They are highly expensive.
• D) They can be easily imitated.
• E) Customer trust is usually lacking.

Identify key companies that have successfully applied analytics and crowdsourcing in their operations.

Understand the components and significance of big data in modern business strategies.

Acknowledge the importance of scientific research and evidence in management practices.

Realize the potential of crowdsourcing in generating solutions and making decisions.

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Definitions:

Earned-Income Activities

Activities or endeavors that generate revenue from work performed or services provided.

Revenue Generation

The process of earning income from business activities, often involving sales of goods or services, strategic partnerships, and other financial activities.

Microloans

Small loans typically offered to individuals or small businesses in underserved communities or developing countries to foster entrepreneurship.

Short-Term Loans

Loans that are meant to be repaid in a short period of time, typically less than a year, used to address immediate financial needs.