Ask Question
BusinessBusiness
20 October, 22:31

Which phase of the customer life cycle categorizes customers according to value and attempts to win back high-value customers?

+2
Answers (1)
  1. 21 October, 01:58
    0
    The answer is "loss/churn".

    Marketing, customer acquisition, relationship management, and loss/churn are four stages to the customer life cycle.

    Loss/churn refers to the last stage of a customer life cycle and this stage is loss/churn when unavoidably in time an organization may lose a customer. The company then needs to set up a win-back procedure. The company then needs to choose which lost customers are of most value and endeavor to win back their business.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which phase of the customer life cycle categorizes customers according to value and attempts to win back high-value customers? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Determiniing decision makers' information needs, acquiring the needed information, and distributing that information to the decision makers in a form, and at a time when they can use it for decision-making describes:
Answers (1)
The administrator at Universal Containers has been asked to create an account management dashboard displaying opportunities and activities for each of its top five clients.
Answers (1)
Like physical capital, human capital is a produced factor of production. a. true b. false
Answers (1)
Patagonia hires people who have a passion for something, even if their passion has nothing to do with Patagonia's products.
Answers (1)
What is the biggest factor in deciding the price of a mortgage
Answers (1)
New Questions in Business
PA1. LO 6.1Colonels uses a traditional cost system and estimates next year’s overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours.
Answers (1)
The Prepaid Insurance account had a beginning balance of $14,000 and an ending balance of $24,000. How will the increase be reported on the statement of cash flows?
Answers (1)
otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful accounts of $494 The following transactions occurred in Potato Company a.
Answers (1)
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars of a better known brand-whose products are priced at $8 apiece.
Answers (1)
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Home » Business » Which phase of the customer life cycle categorizes customers according to value and attempts to win back high-value customers?
Sign Up Forgot Password?