It can cost ________ times more to sell to a new customer than to an existing customer.
A)seven
B)eight
C)six
D)ten

Question

Quizplus · Accepted Answer

According to multiple studies, it can cost anywhere from 5 to 25 times more to acquire new customers than to retain existing ones. The average cost is often cited as around six times more expensive. This is because existing customers already know and trust your brand, and are more likely to make repeat purchases, whereas attracting new customers requires marketing and advertising expenses.

It Can Cost ________ Times More to Sell to a New