Identifying Its Most Valuable Customers Allows a Business to Ensure

question 43

True/False

Identifying its most valuable customers allows a business to ensure these customers receive the highest levels of customer service and are offered the first opportunity to purchase new products.

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, encouraging a pause after receiving the reward and a higher rate of response as the time for the next reward approaches.

Schedule of Reinforcement

A strategy in behavioral psychology detailing how and when responses will be rewarded.

Operant Conditioning

A learning strategy that involves the use of positive reinforcement and consequences for actions.

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.