Why is it that it is usually more cost effective to market to an existing customer than
Question:
Why is it that it is usually more cost effective to market to an existing customer than to acquire a new customer? Can you think of any business situations where this may not be true?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Marketing to an existing customer is usually more costeffective than acquiring a new customer for several reasons 1 Lower Acquisition Costs Acquiring ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Principles Of Direct Database And Digital Marketing
ISBN: 9780273756507
5th Edition
Authors: Alan Tapp
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Having read the material in Sentence-Level Stylistics, share the following: What was unsurprising? In other words, what did you know or suspect already that you already practice and find easy to...
-
Why Vote? Voting is costly. If you vote in person, you have to find your polling place and often stand in line until you get to the voting booth to vote. If you vote by absentee ballot, you have to...
-
. The following is given: EBIT = $50 000, Q=60 000, P =$6, V = $4. a) If sales should increase by 10%, by what percent would EBIT increase? b) If sales should increase by 10%, for what interest...
-
A well-insulated heat exchanger is to heat water (cp = 4.18 kJ/kg ¢ °C) from 25°C to 60°C at a rate of 0.4 kg/s. The heating is to be accomplished by geothermal water (cp = 4.31...
-
When are C corporations required to make estimated tax payments? How are these payments calculated?
-
Presented below are summary financial data from Porter's annual report: Calculate the following ratios: a. Times-interest-earned ratio b. Quick ratio c. Current ratio Balance sheet Cash and cash...
-
The capital investment committee of Overnight Express Inc. is considering two investment projects. The estimated income from operations and net cash flows from each investment are as follows: Each...
-
1 . The NOK / ZAR current rate is 0 . 5 6 3 6 ( The ZAR is our base currency ) . Provide the direct exchange rate quotation from a South African perspective between the rand and the Norwegian krone (...
-
Consider the stirred-tank reactor shown in Fig. P5-5. The reaction occurring is A ? B and it proceeds at a rate r = kCo where r = (moles A reacting)/(volume)(time) k = reaction rate constant Co (t) =...
-
Tour operators selling package holidays often do very little in persuading previous customers to return for another trip. As a consultant, offer advice on customer retention and revenue maximisation...
-
The Institute of Direct and Digital Marketing argues that accountability and control are two cornerstones of direct marketing. These are internal management benefits. Others argue that it is direct...
-
Why have so many brick-and-mortar retailers adopted a omnichannel strategy?
-
Graph the lines through the given points and with the given slopes as indicated in Problems 19-30. \((2,5) ; m=\frac{1}{3}\)
-
Explain with the help of neat sketches, the working of four stroke diesel engine.
-
Explain with the help of neat sketches, the working of two stroke petrol engine.
-
State and describe three major classification of I.C. engines.
-
Make a PTt diagram based on this information from the eclogite province of the Bergen Arcs (for references, see Bingen et al., 2004): (1) Granulite facies: almost 1 GPa and 800850 C at ~930 Ma (U-Pb...
-
Duracell Ltd claim that the life of their batteries in motorised soft toys is approximately normally distributed with a mean of 102.9 hours and a standard deviation of 16.5 hours. The best 65% of...
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Assume the same facts as in Problem 36, except that the two shareholders consent to an AAA bypass election.
-
At the beginning of the tax year, Lizzie holds a $10,000 stock basis as the sole shareholder of Spike, Inc., an S corporation. During the year, Spike reports the following. Determine Lizzies stock...
-
Assume the same facts as in Problem 38, except that the cash distribution to Lizzie amounts to $40,000. Determine Lizzies stock basis at the end of the year, and the treatment of her cash...
-
Sensitivity Add-ins A B C C D E F 234567899 G H DELL AAPL NKLA 3 Date Price Returns Price Returns Price Returns SPY 4/1/2022 44.35945 Returns Risk-free rate 155.86876 7.18 399.353 5/1/2022 47.45435...
-
Read the full article that discusses ways to manipulate statistics: https://www.datapine.com/blog/misleading-statistics-and-data/Links to an external site. then choose 4 of the 8 to discuss in a...
-
Monstrous enterprises ltd has the following data on its balance sheet as at the 31st december 2021, trade receivables 176000. The amount is net of allowance for receivables with amounted to $4000
Study smarter with the SolutionInn App