Which of the Following Can Limit a Frequent Shopper Program's

question 7

Multiple Choice

Which of the following can limit a frequent shopper program's success?

• A) Frequent shopper programs are expensive
• B) It is difficult to make corrections in the programs when they arise
• C) It is not clear whether they increase customer spending and loyalty
• D) It is hard to gain competitive advantage as programs can be duplicated
• E) All of these

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Definitions:

Federal Reserve Notes

Paper currency issued by the United States Federal Reserve System, serving as the most common form of U.S. paper money.

Standard of Value

A recognized measure that is used to set the price of goods and services in terms of a currency, facilitating trade and economic comparison.

Fiat Money

Legal tender authorized by governmental entities, which is not underpinned by any material goods.

Fiat Money

Currency without intrinsic value that is established as legal tender by government regulation.