In the context of the analytics in operations management, it costs three to five times more to keep an existing customer than acquire a new customer.

Name: In the context of the analytics in operations management, it costs three to five times more to keep an existing customer than acquire a new customer.
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It costs three to five times more to acquire a new customer than to keep an existing one. Retention strategies are generally more cost-effective than acquisition strategies.

In the Context of the Analytics in Operations Management, It