What are the needs for retention, Marketing Management

Assignment Help:

What are the needs for retention?

Need for Retention:

There are several interesting facts upon the basis of past researches about getting a customer and retaining him.

a) Obtaining new customer costs five times more than satisfying an existing customer.

b) Onto an average, companies lose ten percent of customers every year.

c) The customer profit rate rise over the lifetime of retained customer.

d) A five percent reduction in customer attrition may raise the profit rate by 25 to eighty five percent.


Related Discussions:- What are the needs for retention

What is cultural environment, What is Cultural Environment? Cultural E...

What is Cultural Environment? Cultural Environment: Cultural Environment Persistence of cultural values: Secondary and core beliefs shifts within secondary cultural valu

The Fabrication and Baking Industries Ltd, Detail the full impact on the to...

Detail the full impact on the total business of The FBI due to the losses in the process in Inspection and Final Test.

What are suppliers firms and resellers in microenvironment, What are Suppli...

What are Suppliers Firms and Resellers in the Microenvironment of a company? Suppliers: Suppliers Firms and individuals which provide the resources required by the company

Show the characteristics of distribution channels, Q. Show the Characterist...

Q. Show the Characteristics of Distribution Channels? Characteristics of Distribution Channels: Distribution channels are able to be classified on the basis of geographical d

Doc, need of documentation in international business

need of documentation in international business

What are the types of sales promotion strategies, What are the types of sal...

What are the types of sales promotion strategies? Sales Promotion Strategies: There are three kinds of sales promotion strategies as illustrated here: • Push, • Pul

Case study, Present the facts of the case study about snickers achieving pr...

Present the facts of the case study about snickers achieving promotional integretion with a universal appeal

Discuss data analysis phase on shortly, Discuss data analysis phase on shor...

Discuss data analysis phase on shortly. Phase Data Analysis: When you’ve performed via online market research, now go to systematize the data you have. Note down what ar

Product margin, The product margin is calculated as product sales minus the...

The product margin is calculated as product sales minus the direct costs of selling the product.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd