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Use the Change-of-Base Formula and a calculator to evaluate the logarithm. Round your answer to two decimal places.
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Retaining Customers
Strategies and activities that a business uses to prevent customer defection and to maintain long-lasting relationships with them.
Acquiring New Customers
The process of gaining new consumers or clients for a business's products or services, often involving marketing and sales strategies.
Recency-Frequency-Monetary Analysis
A marketing analysis tool that categorizes customers based on their recent purchases, how often they purchase, and how much they spend.
Costs Of Doing Business
The expenses involved in the day-to-day operations of a company, including rent, utilities, payroll, and materials.
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