Business, 26.03.2020 20:31 buglerboy979

Spring Supermarket gives its customers VIC (very important customer) cards, which give customers additional discounts on certain products and notifications of special, customer-only sales. In addition, customers can accrue points each time they present their cards while making a purchase. These points can be used to purchase cookware, dishes, and other similar hard goods. Spring Supermarket is using a:
A. bonus program.
B. loyalty program. Correct
C. customer rewards contest.
D. self-liquidating promotion.
E. subsidized program.

Answers: 3

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Answer from: CheddaDsk

B. loyalty program.

Explanation:

Loyalty program: It is a marketing strategy used by the retailer to retain customers and encourage the customer to make more purchases, this program also helps in attracting new customers. Benefits in this program are the rewards to loyal customers. There are different types of customer loyalty programs been launched by different companies. There are points been distributed to customers for every purchase they make and they can redeem those points on their next purchase. It is important in a loyalty program to keep rules simple for points redemption for the customer.

In the given case, Spring supermarket is giving customer VIC cards, which is helpful in getting discounts, points for each purchase and information to the loyal customer. Therefore, the supermarket is using the loyalty program.

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

Answervirtual team;

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