CitiBank Pays to Have a Business Reply Card Bound into Magazines

question 200

Multiple Choice

CitiBank pays to have a business reply card bound into magazines adjacent to its advertisement. The ad asks people to return the card for more information on how a person can apply for a credit card. CitiBank is engaging in:

• A)order taking.
• B)cold-canvassing.
• C)prospecting.
• D)sales follow-up.

Understand the concept of a push versus pull system and the mechanisms of achieving a faster response to customer demands.

Recognize the importance of reducing distance and increasing flexibility in JIT systems through tactics like cross-training.

Understand the Toyota Production System (TPS) and its key components.

Recognize the significance of variability sources and strategies to reduce them in manufacturing processes.

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Definitions:

Transferee

A person or organization that acquires property, rights, or interests from someone else via a lawful transfer method.

Transferor

The party that transfers rights, property, or interests to another, known as the transferee.

Qualified Endorsement

A clause on a negotiable instrument which limits the liability of the endorser or specifies a particular payee.

Without Recourse

A financial agreement where the seller is not liable to the purchaser for any failure of the assets or obligations sold.