To stay customer focused, a new venture should effectively address questions such as: Who is your customer? How will you price your product or service for the customer? How much does it cost to attract a customer? How much does it cost to support and retain a customer?

Question

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These are all important questions that a new venture should answer in order to prioritize and cater to the needs and wants of their target customers. Pricing, customer acquisition cost, and customer retention cost are key factors in achieving sustainable profitability and growth.

To Stay Customer Focused, a New Venture Should Effectively Address