Explain How a Firm Benefits from Customers Purchasing Many Times

question 20

Essay

Explain how a firm benefits from customers purchasing many times from the firm versus just one time.

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Definitions:

Compulsion

The irresistible urge to perform an act repeatedly, often as a way of relieving anxiety, which constitutes part of obsessive-compulsive disorder.

Obsession

Persistent and intrusive thoughts, images, or urges that cause significant anxiety or discomfort.

Checking Behaviour

A type of compulsive behavior characterized by the need to check things repeatedly.

Hallucination

A perception in the absence of external stimuli, manifesting in any of the five senses.