Regular Customers at Krotler Inc

question 38

Multiple Choice

Regular customers at Krotler Inc.are also offered autographed memorabilia and are sometimes invited for celebrity meet-and-greets.This practice of Krotler Inc.goes beyond its usual practice of giving points to the customer that can be used to redeem for merchandise.These special offers are an example of Krotler Inc.'s _____ programs.

• A)affability
• B)directivity
• C)loyalty
• D)credibility

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Definitions:

Holiday Party

A social gathering organized to celebrate a holiday or festive season, often involving recreational activities, food, and entertainment.

Administrative Expense

Expenses that are not directly tied to the production or selling of goods and services, such as salaries of senior executives and costs of general services.

Period Cost

Costs that are not directly tied to the production process and are expensed in the period they are incurred, such as selling and administrative expenses.

FIFO Cost Flow

An inventory valuation method where the oldest inventory items are recorded as sold first, leaving the newest items in inventory.