Business Studies, asked by prettymuch7620, 11 months ago

How customer satisfaction can be used to determine the success of a strategic plan?

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Answered by aby1777
0
It takes continuous effort to maintain high customer satisfaction levels. As markets shrink, companies are scrambling to boost customer satisfaction and keep their current customers rather than devoting additional resources to chase potential new customers. The claim that it costs five to eight times as much to get new customers than to hold on to old ones is key to understanding the drive toward benchmarking and tracking customer satisfaction.
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