Why Customer Retention Is So Important Good customer retention is vital to any organization because a slight reduction (5%) in the customer defection rate has a disproportionately positive effect on profitability (depending on the cost of acquisition‚ ranging between 25 and 80 %!). Companies with high retention also grow faster. However‚ customers can only be retained if they are loyal and motivated to resist competition. When customers are merely satisfied with the service they receive they may
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Fame is heaven and hell for the influential among us. Of course‚ it is most of humanity’s goal to be remembered. No one wants to fade into obscurity‚ their life becoming nothing‚ but a wisp that doesn’t leave behind any lasting remains. However‚ if you are to become famous‚ your privacy and sense of security is stripped from you immediately. Any secret or past scandal will bubble to the surface. The easiest way to avoid this‚ but still receive glory‚ is simply to become famous after you are dead
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Slavery was arguably a very important part of the American economy in the 1800s‚ to the extent where this thriving economy would be sought out to the end even if it meant the cost of a human being’s freedom and dignity. So you could imagine the 1860s decision to abolish slavery in the U.S. came as a shock to most‚ regardless of your position on the matter. Nevertheless it is seen as a very progressive moment for the country. Slavery had ended but other issues arose to replace it; African Americans
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There are several important things for an actuary to consider when setting the premium rates. They make projections of the future costs and they base these projections on historical results‚ probabilistic models‚ and their own judgments. Actuaries must consider different risk pools and make the premiums fair to all. For instance‚ they can consider statistically how likely a driver is to get into a car accident with several speeding tickets versus a driver with none. In order to use the predictability
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responsibilities and duties that come along with being the president of the United States. Among these duties is chief of state‚ chief diplomat‚ chief executive‚ commander in chief and chief legislator. Even though these responsibilities and duties are very important‚ I feel that his most important role is doing whatever is necessary for the well-being of his people and his nation. Being a “steward” means that any action taken by the president for the benefit of his people is permissible‚ except for
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is unification so integral and important in the development of the earliest dynasty in China? Unification is important and integral in the development of the earliest dynasty because it could gain control over the rest of China and also to recover from the Mandate of Heaven. Also‚ they saw this as a reason for their empires to be more stable which means there are fewer wars to happen. They could also see this as a chance of becoming a prosperous nation when it comes to the economic side of the unification
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What makes ASE certification so important? To start off to be ASE certified is like being a Medical Doctor. ASE Certifications are presented to technicians in order to be identified as a skillful and competent individual. You wouldn’t want to go to the Doctors and have surgery performed on you knowing that the surgeon isn’t qualified highly enough would you? This is a thought some may be thinking when pertaining to their vehicles. If your vehicle is causing you issues and further concerns‚ wouldn’t
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Smith entered the University of Glasgow when he was fourteen and studied moral philosophy under Francis Hutcheson.[7] Here‚ Smith developed his passion for liberty‚ reason‚ and free speech. In 1740‚ Smith was awarded the Snell exhibition and left to attend Balliol College‚ Oxford.[8] Smith considered the teaching at Glasgow far superior to that at Oxford‚ which he found intellectually stifling.[9] In Book V‚ Chapter II of The Wealth of Nations‚ Smith wrote: "In the University of Oxford‚ the greater
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What does it mean to be a great piece of literature? Everyone answers this question in a different way. A person could say that a great piece of literature is just simply a good book that they enjoy reading. Others would think more in depth. They could say that the way the author brings the book to life is what makes it great. Or how each character in the book is relatable. Harper Lee has written a novel that is a timeless story of character‚ prejudice‚ and a coming of age. This book is timeless
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Did you ever wonder how did something like the popsocket get created? Well did you know that the popsocket was a bizarre invention‚ and there are many more like it. Some of them are accidental‚ the world is now more useful thanks to these accidental and bizarre inventions. Thanks to these inventions things are a lot better. Some inventions can be created with just one simple accident. The inventor has to build something that can be useful to the world. What can an inventor do to ensure success?
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