Ask Question
BusinessBusiness
30 September, 22:44

One of the reasons marketers use loyalty segmentation is

+1
Answers (1)
  1. 1 October, 00:27
    0
    The high cost of finding new customers.

    Explanation:

    Loyalty segmentation is when customers are grouped based on how they interact with you product and services. It is aimed at identifying those that use a business's products and services frequently or that are loyal to the business.

    Loyalty segmentation is preferred by marketers because it maximises the lifetime value of customers. It is expensive to get new customers, so marketers maintain already existing relationships.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One of the reasons marketers use loyalty segmentation is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of these changes are planned and based on situations that are expected to arise? A. Anticipatory B. Exponential C. Strategic D. Incremental E. Reactive
Answers (1)
Contribution margin Select one: a. is always the same as gross profit margin. b. excludes variable selling costs from its calculation. c. is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. d.
Answers (1)
Which of the following is a cash transaction? A. Using a credit card B. Making change C. Calculating interest charges D. Making time payments
Answers (2)
Two students need to make a decision about what sort of towels they should purchase in an attempt to generate the least amount of MSW. They agree that if they purchase paper towels, they will buy the thick, quilted brand.
Answers (1)
An investor owns $3,000 of Adobe Systems stock, $6,000 of Dow Chemical, and $7,000 of Office Depot. What are the portfolio weights of each stock? (Round your answers to 4 decimal places.)
Answers (1)
New Questions in Business
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;
Answers (1)
Steven is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of 25 percent, while Copper stock has an expected return of 19 percent.
Answers (1)
Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle
Answers (1)
The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False
Answers (1)
What's the difference between price skimming and price penetration strategies?
Answers (1)
Home » Business » One of the reasons marketers use loyalty segmentation is
Sign Up Forgot Password?