Examlex
Price can be used as a competitive weapon to gain or maintain market position.
Length of Customer Relationship
The duration over which a business maintains a relationship with an individual customer, significant for understanding customer loyalty and value.
Economies of Scale
Economies of scale are cost advantages that businesses obtain due to scale of operation, with costs per unit of output decreasing with increasing scale.
Discount Rate
The interest rate charged by central banks on loans extended to financial institutions or the rate used in discounted cash flow analysis to determine the present value of future cash flows.
Acquire a New Customer
The process of attracting and converting prospects into someone who makes a purchase and becomes a client of the business.
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