Frequent Flier Miles Would Be an Example of Which Barrier

question 74

Multiple Choice

Frequent flier miles would be an example of which barrier to entry  

• A) Building customer loyalties
• B) Securing access to supply of key resources
• C) Creating product uniqueness
• D) Building in switching costs

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Definitions:

Monetary Benefit

Financial gains obtained from an action, investment, or decision, quantifiable in terms of money.

Perverse Incentives

Incentives that have unintended and undesirable results, contrary to the interests of the incentive makers.

Aid to Families

Financial or material support provided to families, often by the government, to help them meet their basic needs or improve their living conditions.

Adverse Selection

A situation in which one party in a transaction has more information than the other, typically leading to an inefficient market outcome.