No Matter How Good a Company May Be at Retaining

question 31

True/False

No matter how good a company may be at retaining customers, new customer acquisition is still an important activity.

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Definitions:

Unilateral Contract

An agreement in which one party makes a promise to do something in return for an act of some sort.

Required Action

A specific action that is mandated or obligatory under the terms of a contract, law, or directive.

Cloud Computing

Internet-based computing where data, software, and processing power are accessed over the web, rather than from personal computers or servers.

Cyber-Technique

Methods or approaches that utilize digital technology and cybernetics for achieving specific objectives or solving problems.