According to the Text, a Company Can Boost Its Profits

question 84

Short Answer

According to the text, a company can boost its profits by _______________ percent by increasing its annual customer retention by only 5 percent.

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Definitions:

Competitive Situations

Scenarios or environments where individuals or groups are in competition with each other to achieve a certain goal, often leading to heightened levels of performance.

Standard Of Excellence

A level of quality or achievement that is considered superior and serves as a benchmark for others to strive toward.

Immediate Feedback

Rapid response or information provided immediately after an action or behavior, used to reinforce or correct the action.

Achievement Motivation

A drive within individuals to accomplish goals, succeed according to standards, and overcome obstacles.