There Is a Rule of Thumb That Says It Costs

question 15

Multiple Choice

There is a rule of thumb that says it costs _____ times more to acquire a new customer compared to maintaining a loyal one.

• A) 3
• B) 6
• C) 9
• D) 12

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Definitions:

Deficits

Financial situations that occur when a government's expenditures surpass its revenues within a specified period, leading to borrowing or debt accumulation.

Tax Plan

A government's proposal or strategy regarding how to collect and manage taxes, including changes in tax rates, tax credits, and deductions.

Income Taxes

Taxes levied by the government directly on personal, or corporate income.

Budget Surplus

A situation where income or receipts exceed outlays or expenditures over a specific period, commonly used in the context of government budgets.