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Topic: Business
Number of pages / Number of words: 5 / 1144
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To overcome these challenges, the company employs different methods to add value for the economic profit. These include rewards programs and online marketing with coupons, and are created based on the psychology of consumer behavior. For example, the rewards program offers one free movie after every five rentals, and one free older movie with every paid rental on Monday, Tuesday, and Wednesday (when the traffic tends to be slow)...


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For example, the rewards program offers one free movie after every five rentals, and one free older movie with every paid rental on Monday, Tuesday, and Wednesday (when the traffic tends to be slow). Finally, all employees are trained and expected to offer best possible customer service to the customers; this is critical in retaining the existing customers and earning new ones through word of mouth...


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