Which of the Following Forces Is Commonly Reduced Through the Use

question 32

Multiple Choice

Which of the following forces is commonly reduced through the use of a loyalty program?

• A) Buyer power
• B) Supplier power
• C) Threat of new entrants
• D) Rivalry among existing competitors

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Definitions:

Class

In the context of data, a grouping or categorization according to shared characteristics; in education, an organized period of instruction.

Simple Events

Events that cannot be broken down any further into simpler components in the context of probability.

Probabilities

The measure of the likelihood that an event will occur, often quantified as a number between 0 and 1.

Simple Events

An event in probability that consists of only one outcome or occurrence and cannot be broken down further.