Loyal customers are more costly to do business with compared to other customers.

Name: Loyal customers are more costly to do business with compared to other customers.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Loyal customers are actually less costly to do business with since they already have a relationship with the business and require less marketing and advertising efforts to retain. Additionally, loyal customers tend to purchase more frequently and at higher price points, leading to increased profitability for the business.

Loyal Customers Are More Costly to Do Business with Compared