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A business traveler joined the Starwood Preferred Guest Program in order to earn points each time he stayed overnight in a Westin or Sheraton hotel. Once he has accumulated enough points, he can trade in his points for a free night's stay. As a member of this program, the traveler receives periodic updates on new hotels and learns of ways to earn additional points. The marketing term that best describes this scenario is
States
Defined territorial areas within a country, each with its own government and regulatory powers.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has rights, privileges, and liabilities independent of those of its members.
Owners
Individuals or entities that legally possess, control, and derive benefits from property or a business.
Shareholders
Individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.
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