Today,most successful retailers concentrate on providing

Question

Quizplus · Accepted Answer

Successful retailers understand that it is more cost-effective and profitable to focus on their best customers and provide them with more value. By developing strong relationships with their best customers, retailers can increase loyalty and repeat business, while also boosting sales and profits. Limiting service to all but their best customers, providing equal service to all customers, or offering low value to infrequent customers would not be effective strategies for building customer loyalty and increasing profits. Extreme value to their least loyal customers may not be sustainable in the long run and could potentially devalue the brand.

Today,most Successful Retailers Concentrate on Providing