Typically,________ Gains the Most Benefit from Introducing a Frequency Program

question 132

Multiple Choice

Typically,________ gains the most benefit from introducing a frequency program.

• A) the first company to introduce a frequency program in an industry
• B) the fast follower, who is second to introduce a frequency program in an industry,
• C) the industry sales leader
• D) the niche player in the industry
• E) the low-cost leader in the industry

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Definitions:

Escalator Clauses

Provisions in a contract that allow for an automatic increase in wages or prices under certain conditions.

Productivity Increases

An improvement in the efficiency of production, often measured by the amount of output per unit of input over a period.

Labor Union Membership

The affiliation of individual workers to an organized labor union, which represents their interests in negotiating wages, benefits, and working conditions with employers.

Service Industries

Sectors of the economy that provide intangible products or services such as healthcare, banking, and education.