Asked by Richard Sullivan on May 05, 2024
Verified
Favored customers receive special treatment from dealers during periods of excess demand.
Favored Customers
Clients who receive special benefits from sellers due to their status, volume of purchase, or long-standing relationship.
Excess Demand
Occurs when the quantity demanded of a good or service exceeds the quantity supplied at a given price, leading to shortages.
- Comprehend the use of rationing strategies, such as ration coupons and queuing, during instances of surplus demand or supply.
Verified Answer
JM
Jorsia MacantanMay 10, 2024
Final Answer :
True
Explanation :
During periods of excess demand, dealers often prioritize favored customers by offering them special treatment, such as ensuring product availability or providing preferential pricing, to maintain good relationships and loyalty.
Learning Objectives
- Comprehend the use of rationing strategies, such as ration coupons and queuing, during instances of surplus demand or supply.
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