It is more costly to retain current customers by satisfying their needs, than to get new customers by taking them away from a competitor.
A. TRUE
B. FALSE
Answer: Option B
Solution(By Examveda Team)
Acquiring New Customers Is Important, But Retaining Them Accelerates Profitable Growth.Related Questions on Marketing
The four unique elements to services include:
A. Independence, intangibility, inventory, and inception
B. Independence, increase, inventory, and intangibility
C. Intangibility, inconsistency, inseparability, and inventory
D. Intangibility, independence, inseparability, and inventory
A. Learning
B. Role selection
C. Perception
D. Motivation
While buying milk which kind of behavior is displayed by a person?
A. Extensive problem solving behavior
B. Routinized buying behavior
C. Variety seeking behavior
D. None of the above
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