Which of the Following Is NOT an Aspect of ING

question 20

Multiple Choice

Which of the following is NOT an aspect of ING Direct's no-frills strategy?

• A)High interest rates
• B)Offers only a handful of basic products
• C)Lures low-maintenance customers
• D)Firing customers who don't fit the profile
• E)Increased contact with the bank

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Definitions:

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.

Category Leader

Indicates a brand or product that dominates a specific category in terms of sales, customer preference, or market share.

Buyback Contracts

Agreements where a seller promises to repurchase the sold item in the future, often used in retail and supplier contracts for inventory management.

Continuous Replenishment Program

A supply chain strategy in which products are continuously supplied and replenished based on actual sales data, minimizing stock levels and maximizing efficiency.