The Component of Revenue That Is Addressed When a Company

question 24

Multiple Choice

The component of revenue that is addressed when a company offers a frequent shopper award is:

• A)frequency
• B)selling price
• C)selling process
• D)customers

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Definitions:

Diversification Strategy

A business approach that involves entering into new markets or creating new products to spread risk and depend less on a single market or product line.

Forward Integration

A business strategy where a company controls the distribution or supply chain for its products by moving downstream in the production process, often to get closer to the end consumer.

Acquire Supplier

Acquiring a supplier involves taking over or merging with a company that provides essential goods or services to your business, aiming to streamline operations or secure supply chains.

Growth Strategy

A plan of action designed to increase the size, revenue, market share, or profitability of a business through expansion efforts, product development, market penetration, or acquisition.