What is the difference between a customer and a patron? A. Customers pay cash and a patron is someone purchasing on credit B. A customer is a patron who votes at the annual meeting C. A patron is a customer who is entitled to share in the profits through a patronage refund. The right to receive patronage often comes from being a member. D. A patron owns stock in the cooperative but does not do business with the cooperative

What is the difference between a customer and a patron? A. Customers pay cash and a patron is someone purchasing on credit B. A customer is a patron who votes at the annual meeting C. A patron is a customer who is entitled to share in the profits through a patronage refund. The right to receive patronage often comes from being a member. D. A patron owns stock in the cooperative but does not do business with the cooperative

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

What is the difference between a customer and a patron?
A. Customers pay cash and a patron is someone purchasing on credit
B. A customer is a patron who votes at the annual meeting
C. A patron is a customer who is entitled to share in the profits through a patronage
refund. The right to receive patronage often comes from being a member.
D. A patron owns stock in the cooperative but does not do business with the
cooperative

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