What Type of Strategy to Attract Customers Should a Firm

question 99

Multiple Choice

What type of strategy to attract customers should a firm that promotes quick and on time delivery utilize?

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

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Definitions:

Fiat Money

Currency that a government has declared to be legal tender, despite it having no intrinsic value or being backed by a physical commodity.

Liability

A legal financial obligation or debt that an entity owes to another entity, required to be settled through the transfer of assets, provision of services, or other financial settlement.

Federal Reserve Note

The official paper currency of the United States, issued by the Federal Reserve, and the most common form of U.S. banknotes in circulation.

Token Money

Money whose face value exceeds its cost of production, typically involving coins and paper money not backed by a commodity.