Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please select the incorrect statement 1 point a ) When a company lowers its customer defection rate, average customer relationships last longer and profits climb
Please select the incorrect statement
point
a When a company lowers its customer defection rate, average customer relationships last longer and profits climb
b Retaining customers and growing their value is extremely protable as compared with business models which lose a high proportion of customers every year.
c Customer acquisition is expensive. It therefore, pays to retain customers for as long as possible.
d Companies with many customers do not need to use their resources to retain customer. Rather that effort will be better directed at winning new customers.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started