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Question: an ability to respond quickly to competitor schemes can save...

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An ability to respond quickly to competitor schemes can save business. A number of department stores are opening their loyalty schemes to a wider range of customers. By sharing access to reward schemes in innovative ways, they can take advantage of customers that they could not reach alone. The potential benefits of such partnerships are enormous. As unsuccessful promotions are cut back, and lesser-used loyalty point saving schemes are shared by companies, administration costs fall. The increased flexibility of joint reward schemes also means that less business is lost through an inability to respond quickly to competitor schemes Remember to base your answers only on the information given in the passage True False Cannot SayThe sole benefit of joint reward schemes is reduced administration costs. A number of department stores are opening their loyalty schemes to a wider range of customers. By sharing access to reward schemes in innovative ways, they can take advantage of customers that they could not reach alone. The potential benefits of such partnerships are enormous. As unsuccessful promotions are cut back, and lesser-used loyalty point saving schemes are shared by companies, administration costs fall. The increased flexibility of joint reward schemes also means that less business is lost through an inability to respond quickly to competitor schemes. Remember to base your answers only on the information given in the passage. True False Cannot SayJoint reward schemes are more beneficial for customers. A number of department stores are opening their loyalty schemes to a wider range of customers. By sharing access to reward schemes in innovative ways, they can take advantage of customers that they could not reach alone. The potential benefits of such partnerships are enormous. As unsuccessful promotions are cut back, and lesser-used loyalty point saving schemes are shared by companies, administration costs all The increased flexibility of joint reward schemes also means that less business is lost through an inability to respond quickly to competitor schemes. Remember to base your answers only on the information given in the passage. True False Cannot 5ayY

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