Examlex
Which of the following is a word-of-mouth method by which customers promote a product or service by telling others about it?
Customer Retention Programs
Strategies and practices designed to keep customers engaged and continuing to purchase from a business over time.
Lifetime Value
The total net profit attributed to a customer over the entirety of their relationship with a company.
Transaction-by-Transaction Basis
Evaluating or managing each transaction individually rather than considering overall performance over time.
Quick Response System
A supply chain management approach designed to speed up inventory replenishment and enhance efficiency.
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