Three Types of Incentives Can Be Used to Encourage Customers

question 117

True/False

Three types of incentives can be used to encourage customers to make online purchases: financially-based incentives, convenience-based incentives, and price-based incentives.

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Definitions:

Information Flows

The movement of information within and between entities, ensuring that data reaches the intended audience efficiently.

Formal Channels

The official pathways for communication within an organization, typically delineated by organizational charts and policies.

Informal Channels

Do not follow the chain of command.

Low-context Culture

Cultures where communication is explicit, messages are direct, and understanding is based on verbal expression.