Which of the Following Are Specifically Designed to Retain Customers

question 107

Multiple Choice

Which of the following are specifically designed to retain customers by offering premiums or other incentives to customers that make multiple purchases over time?

• A)product placements
• B)rebates
• C)contests
• D)sweepstakes
• E)loyalty programs

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Definitions:

Fee Simple

A type of freehold ownership where the owner has the greatest possible rights over the land forever.

Prescriptive Right

A right acquired through long-term use, such as the right to cross someone else's land, established by consistent and uninterrupted use over a period prescribed by law.

Covenant

A formal, binding agreement or promise, often found in contracts and legal documents.

Crown Patent

An official document transferring land from the Crown (government) to an individual, entity, or corporation, granting them ownership.