Which of the Following Statements Is True of a Tiered

question 23

Multiple Choice

Which of the following statements is True of a tiered reward structure?

• A) It provides an incentive for customers to consolidate their purchases with one retailer to reach the higher tiers.
• B) It helps retailers determine which products customer purchases during a single shopping trip.
• C) It uses software to discover new insights into the buying patterns of customers using large databases.
• D) Customers belonging to the same tier form a retail brand community.
• E) A tiered reward structure charges customers who use services.

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Definitions:

Disclose Fee

A charge that must be paid, which is revealed or made known to a party, typically in transactions involving services or financial products.

Financing

The process of providing or securing funds necessary for a purchase, project, or investment.

Principal

The original amount of a debt or investment, exclusive of any interest or growth.

Principal

The main party involved in a financial transaction or agreement, such as the amount of money borrowed in a loan, or a primary actor in a contract.