It is less expensive to sell a product to a new customer than to an existing customer.

a. True

b. False

Question

Business

Will Pugh

17 July, 05:50

It is less expensive to sell a product to a new customer than to an existing customer.

a. True

b. False

+1

Answers (1)

Know the Answer?

Konner · Answer 1

Most companies put the same amount of effort into keeping a customer as they do gaining a new one. Research shows that it's cheaper to retain an existing customer over getting a new one, if that's the case ... then it would be less expensive to sell a product to an existing customer rather than a new one.

It is less expensive to sell a product to a new customer than to an existing customer.a. Trueb. False

It is less expensive to sell a product to a new customer than to an existing customer.

a. True

b. False