A Demand-Pull Business Model Is a Customer-Centric Model That Initiates

question 41

True/False

A demand-pull business model is a customer-centric model that initiates activities after a customer's order has been placed.

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Definitions:

Zero-balance Accounts

Bank accounts that are maintained at a zero balance by automatically transferring funds from a master account in amounts only large enough to cover presented checks or debits.

Master Account

A central account that can control or aggregate several sub-accounts, often used in finance for managing investments or in banking.

Lockbox System

A service offered by banks to companies for the rapid collection of customer payments, by providing a special address to which payments are sent directly.

Opportunity Costs

The loss of potential gains from other alternatives when one alternative is chosen.