Which of the Following Is the Best Example of a Life

question 86

Multiple Choice

Which of the following is the best example of a life changing customer benefit?

• A)A coffee shop redesigns its drive-through window service to cut back on customer wait times.
• B)An office supply store institutes a loyalty card program in which customers can use earned points for discounts on future purchases.
• C)A restaurant redecorates to make its space more comfortable.
• D)A grocery store decides to lower the prices on all produce.
• E)A gym institutes a buddy program in which a staff member checks in weekly with new enrollees to offer encouragement and advice.

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Definitions:

Wage Disparity

The difference in wages earned by different groups of workers, often arising from factors such as occupation, education, experience, or gender.

Talent and Ability

The natural aptitude or acquired skills possessed by individuals that enable them to perform certain tasks or excel in certain fields.

Median Earnings

The middle value of income earned, such that half of earners make more and half make less, often used to measure central tendency of income distribution.

Compensating Differentials

Wage differentials that arise from the need to compensate workers for non-monetary aspects of a job, such as difficult working conditions or undesirable locations.