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vredina [299]
3 years ago
13

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

Business
2 answers:
Sedbober [7]3 years ago
8 0

Answer:

D) external incentive.

Explanation:

Pani-rosa [81]3 years ago
4 0

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

Option D

<u>Explanation:</u>

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.

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________ business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategi
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Strategic business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.

This is further explained below.

<h3>What is business?</h3>

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