Which of the Following Is NOT an Objective of Frequency

question 119

Multiple Choice

Which of the following is NOT an objective of frequency programs?

• A) Increase customer retention.
• B) Reward customers for their patronage.
• C) Increase the purchase levels of current customers.
• D) Generate information for customer databases.
• E) Attract new customers to replace unprofitable current customers.

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Definitions:

Unique Goods

Products that are distinct in their characteristics, offering uniqueness that differentiates them from mass-produced items.

Price Discrimination

A strategy in pricing where the same provider sells identical or nearly identical products or services at varying prices across different markets.

Deadweight Loss

The reduction in total societal welfare resulting from market inefficiencies, typically due to taxes, subsidies, or monopolies.

Market Output

The total quantity of goods or services produced and offered for sale in a particular market.