If a Marketer Focuses on Customer Retention Rather Than Just

question 33

True/False

If a marketer focuses on customer retention rather than just customer acquisition,customer lifetime value can be increased.

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Definitions:

Accurate Predictions

refers to forecasts or expectations that are precisely correct or very close to the actual outcomes or results.

Correlated Variables

Two variables that show a statistical relationship, where changes in one variable are associated with changes in the other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together.

Weak Relationship

Describes a connection or correlation between two variables or entities that shows minimal interdependence or association.