Question

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

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

Answer 1

D) external incentive.

Step-by-step explanation:

Answer 2

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.