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Customer retention programs are based on what concept? Multiple Choice Firms must spend large amounts of money to retain customers. Customer relationships should be viewed
Customer retention programs are based on what concept?
Multiple Choice
Firms must spend large amounts of money to retain customers.
Customer relationships should be viewed from a lifetime value perspective rather than on a transactionbytransaction basis.
Segmentation, targeting, and positioning analysis should not be rushed.
It is important to maximize profits in the first few months of a customer relationship.
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