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Determining the most effective reinforcement schedule to use with consumers is important to marketers. What type of reinforcement schedule is most likely being used when after a period of time has passed, the first response a consumer makes brings the reward?
Interest Rate
The proportion of a loan or savings amount paid as interest to the lender or paid to the saver, usually expressed as an annual percentage.
Compensation Strategy
A company’s plan or approach towards designing and implementing payment structures and benefits for its employees.
Formulating
The process of devising or developing strategies, plans, or policies.
Process
A series of actions or steps taken in order to achieve a particular end.
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