Asked by Khaleel Maturine on Sep 28, 2024
The rate of return on investments made towards customer retention is always increasing because of constantly decreasing acquisition costs.
Acquisition Costs
The total cost associated with acquiring a new asset, customer, or property, including all legal, advisory, and administrative expenses.
Customer Retention
The activities and actions companies take to reduce the number of customers leaving or switching to a competitor.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.
- Evaluate the financial impact of customer retention and the dynamics of acquisition costs.
Learning Objectives
- Evaluate the financial impact of customer retention and the dynamics of acquisition costs.