Question: Which statement best describes loyalty programs? Multiple choice question. always focus on increasing the prices of products purchased by loyal customers in order to increase

Which statement best describes loyalty programs?
Multiple choice question.
always focus on increasing the prices of products purchased by loyal customers in order to increase profit margins
are also known as cross-shopping programs
typically involve offering customers rewards based on the amount of services or merchandise they purchase
typically involve selling premium services to the highest bidders

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