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An enterprise spent heavily to acquire first-time customers but they did not return. Which problem should be investigated?

Answer and explanation

Correct answer: Customer retention and satisfaction problem

Customer acquisition brings people to the business, while retention depends on whether the product, service, price, and experience meet expectations. If customers do not return, the entrepreneur should examine satisfaction, product quality, support, switching reasons, and whether the first purchase was misleading. Acquisition spending alone cannot create sustainable growth.

Related tags

Customer RetentionCustomer AcquisitionIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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