3 years ago

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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