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Why can retaining customers sometimes be more beneficial than only getting new customers?

Answer and explanation

Correct answer: Because satisfied customers may repurchase and recommend

A satisfied retained customer may buy repeatedly, require less persuasion, and recommend the business to others. This can support stable revenue and reduce the effort and cost involved in acquiring completely new customers. Retention is not automatic, but the other options wrongly deny the value of repeat buying and customer relationships.

Related tags

Customer RetentionCustomer LoyaltyEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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