Customer profitability data can be beneficial in helping bank management:

Question

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Customer profitability data can be used to develop new products that cater to the needs and preferences of profitable customers, identify profitable target niches that are currently underserved or overlooked, and determine changes in product pricing to maximize profitability while still retaining valuable customers. Having access to this data can help bank management make more informed decisions about how to allocate resources and prioritize initiatives to improve overall profitability. Therefore, all of the above options are relevant and important ways in which customer profitability data can benefit bank management.

Customer Profitability Data Can Be Beneficial in Helping Bank Management