The Cost of Serving a Long-Standing Customer Is Often More

question 65

True/False

The cost of serving a long-standing customer is often more than the cost of acquiring a new customer.

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Definitions:

Latin

A classical language originating from the Italic branch of the Indo-European languages, historically used as the language of ancient Rome and its empire.

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgment, and memory—a complex system of faculties involved in an organism's interaction with its environment.

Consciousness

The quality or state of being aware of an external object or something within oneself, encompassing awareness, perceptions, and understanding.

Conscious

Being aware of and responding to one's surroundings and internal states.