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When You Call Your Bank to Inquire About Your Balance

Question 115

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When you call your bank to inquire about your balance, instantaneously the bank relegates you to a "tier" based upon your profitability to the bank. The best customers receive the best service. What is the premise behind the use of profit tiers and how what is a risk involved in differentiating levels of service?

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Firms have decided to raise fees and low...

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