The cost of finding new customers is far less than the cost of maintaining existing ones.

Name: The cost of finding new customers is far less than the cost of maintaining existing ones.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is generally more expensive to acquire new customers than it is to retain existing ones, as retaining customers typically involves maintaining relationships and encouraging repeat business, which is often less costly than the marketing and sales efforts required to attract new customers.

The Cost of Finding New Customers Is Far Less Than