Customers Who Have a High Cost to Serve, but Do

question 62

Multiple Choice

Customers who have a high cost to serve, but do not want to pay very much are classified as

• A) passive.
• B) aggressive.
• C) carriage trade.
• D) bargain basement.
• E) potential.

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Definitions:

Equilibrium Price

The rate in the market where the volume of goods supplied equals the volume of goods demanded.

Fine Imposed

A monetary penalty levied by an authority on a person or organization as punishment for a violation or wrongdoing.

Cockatoos

A group of parrot species known for their distinctive crests and variety of colors, native to Australia, Indonesia, and the surrounding areas.

Smuggled

Smuggled goods are items that are illegally transported across borders without authorization or without paying required tariffs and taxes.