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Sophia Singh
on Dec 08, 2024

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What is the primary disadvantage associated with using financial incentives as a means of developing customer relationships?

A) They take a long time to work.
B) Customers may resist the use of financial incentives.
C) They are highly expensive.
D) They can be easily imitated.
E) Customer trust is usually lacking.

Financial Incentives

Monetary rewards offered to influence the behavior or decisions of individuals or organizations, such as bonuses, discounts, or subsidies.

Customer Relationships

The ongoing interactions between a company and its customers designed to foster loyalty, engagement, and satisfaction.

Easily Imitated

Refers to a product, service, or process that can be readily duplicated by competitors without significant investment or unique technology.

  • Identify strategies for deepening customer relationships and the role of financial incentives.
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JM
janat munirDec 13, 2024
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