Which of the Following Is NOT TRUE Regarding Frequent Shopper

question 46

Multiple Choice

Which of the following is NOT TRUE regarding frequent shopper programs?

• A)Frequent shopper programs are programs that identify and provide rewards to customers who patronize a retailer.
• B)Frequent shopper programs are also commonly called loyalty programs.
• C)When retailers in the United States issue customers a frequent shopper card,the companies are legally required to obtain the customers' permission to share personal information.
• D)Frequent shopper programs can consist simply by a retailer offering a private-label credit card.
• E)Frequent shopper programs can provide customer information automatically to the retailer when customers have their program card scanned at the time of transaction.

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Definitions:

Net Income

The amount of money that remains from revenues after all expenses, taxes, and costs have been subtracted; a measure of profitability.

Net Profit Margin Ratio

A financial ratio indicating the percentage of net income generated from total revenue.

Balance Sheet

A statement of finance that shows a corporation's assets, liabilities, and owner's equity at a specific moment.

Balance Sheet

An accounting record that outlines a business's assets, obligations, and equity of shareholders at a designated time.