Attracting and Acquiring New Customers Is Estimated to Costs Banks

question 4

Multiple Choice

Attracting and acquiring new customers is estimated to costs banks roughly __________ per new customer.

• A)$10
• B)$25
• C)$50
• D)$100

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Definitions:

Competitive Advantage

The attribute(s) that allows a company to outperform its competitors, providing it with a greater market share or profitability.

Sustainable

The quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.

Benefit

Part of an employee’s compensation in addition to wages and salaries.

Competitive Advantage

The attribute that allows an organization to outperform its competition, achieved through offering higher value to consumers or producing goods or services at a lower cost.