3M Uses Which Strategy for Attracting Customers

question 94

Multiple Choice

3M uses which strategy for attracting customers?

• A) Quality
• B) Low-cost
• C) Dependability
• D) Flexibility
• E) Consistency

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Definitions:

Discount

A deduction from the usual cost of something, or the process of determining the present value of future cash flows by adjusting for the time value of money.

Semiannual Coupon

Interest payments made twice a year by a bond issuer to the bondholders.

Current Interest Rates

The interest rate present at the moment in the financial market, affecting loans and savings.

Market Price

represents the current price at which an asset or service can be bought or sold in a marketplace.