In order to maximize profit companies need to target its loyal customers as they are always profitable

Question

Quizplus · Accepted Answer

While loyal customers can indeed be profitable due to their repeat business and potential for higher lifetime value, maximizing profit often involves a broader strategy that includes acquiring new customers, optimizing pricing strategies, and managing costs effectively. Targeting only loyal customers might overlook opportunities for growth and efficiency improvements.

In Order to Maximize Profit Companies Need to Target Its