Business Owners Can Figure How to Better Target Ads or Promotions

question 66

Multiple Choice

Business owners can figure how to better target ads or promotions to particular types of customers if:

• A) they track sales of their competitors.
• B) they identify the defects in their products.
• C) they use the diversification strategy rather than the product expansion strategy.
• D) they link sales and purchase basis to the type of customer.

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Definitions:

Reserve Requirements

Rules established by central banks that specify the lowest reserve amount that banks are required to maintain against customer deposits.

Checking Accounts

Bank accounts on which the account holder can draw checks against the money deposited.

Time Deposits

Banking or financial accounts that hold funds for a fixed period, during which the depositor cannot access their money without incurring a penalty.

Federal Banks

Centralized banking institutions established by a country to oversee the monetary system and implement national economic policies.