The following are reasons why keeping long-term customers, Ask an Expert

Management Studies

The following are reasons why keeping long-term customers is more beneficial than continually acquiring new customers except: a. Long-term customers are more likely to respond to sales promotions b. Loyal customers tend to give more referrals c. Acquiring new customers costs more than keeping current ones d. Loyal customers reduce operating costs.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92025544

Have any Question?Write your Review or question?

Related Questions in Operation Management

Choose an organization and describe its current

Choose an organization and describe its current organizational structure. How would that structure have to change in order to facilitate customer management and to make sure people are evaluated, measured, and compensate ...

Question 1-strategic thinking rubric items 1 3 and 4many

Question #1-Strategic Thinking (Rubric Items: 1, 3 and 4) Many business organizations establish definitive generic and grand strategies to achieve its long-and short-term plans, based on the outcomes of internal and exte ...

Prepare a report that describes the establishment of a new

Prepare a report that describes the establishment of a new service organization that will employ at least 10 people, and develop a supporting Human Resource Management strategy (components of the strategy identified belo ...

1 which of the following are good methods for quickly

1. Which of the following are good methods for quickly gauging whether a source is relevant to your research topic: Scan the headings of your source if it is an article. Scan the table of contents of your source if it is ...

System analysis and designyou have to select a topic to

System Analysis and Design You have to select a topic to perform research, plan and design a business information system during the first week of this course. Please refer to Week One of this Course Guide for some sugges ...

The mis behavior of successful ceos leads to their

"The (Mis) Behavior of Successful CEOs Leads to Their Departure," and answer the following questions: Chief Executive Officers (CEOs) are responsible for the overall direction and performance of their organizations. Argu ...

Gregory enters into a contract with harry in which harry

Gregory enters into a contract with Harry in which Harry will renovate Gregory’s house. They enter into the contract on July 1 and the contract states that it is vital that the work be completed by July 31. Harry does an ...

Answer the following question -select a well-known hotel

Answer the following Question : -Select a well-known hotel chain in your area and determine which method of forecasting available rooms (simple room count versus adjusted room count) would be preferable. Explain your rat ...

1 why is it important to perform safety assessment of

1. Why is it important to perform safety assessment of nanoparticles used in food or food-related products? (Nutrition) 2. How do diversity considerations impact the choices made in report style and format? 3. What are t ...

Human resource information managementwhat is the difference

Human Resource Information Management; What is the difference between synchronous and asynchronous training format? What are the key benefits of Web technology in managing the content of knowledge management systems? Wha ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert