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Offering regular customers discounts on products is known as a(n)

A) Obribe.
B) margin of error.
C) calculated risk.
D) external incentive.

2 Answers

1 vote

Answer:

D) external incentive.

Step-by-step explanation:

User Fartem
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Offering regular customers discounts on products is known as an external incentive.

Option D

Step-by-step explanation:

External incentives can be defined as the form of additional bonus, products, loyalty services or exclusive deals. Incentives help in developing the brands in the following areas,

  • Improving retention
  • Trust-worthy relationship
  • Stimulating impulsive purchases
  • Social media engagement

External incentives acts as simulator in boosting the business levels; improving the brand and increasing the sales. For example, offering free mints after a meal in restaurants would attract more customers to the restaurant.

User Godspped
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