Effects On Business Practices
Its use as a marketing metric tends to place greater emphasis on customer service and long-term customer satisfaction, rather than on maximizing short-term sales.
Read more about this topic: Customer Lifetime Value
Famous quotes containing the words effects, business and/or practices:
“Perspective, as its inventor remarked, is a beautiful thing. What horrors of damp huts, where human beings languish, may not become picturesque through aerial distance! What hymning of cancerous vices may we not languish over as sublimest art in the safe remoteness of a strange language and artificial phrase! Yet we keep a repugnance to rheumatism and other painful effects when presented in our personal experience.”
—George Eliot [Mary Ann (or Marian)
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My friend, after twenty thousand years murder is still a business that’s mainly in the hands of amateurs.”
—Orson Welles (1915–1985)
“Money made through dishonest practices will not last long.”
—Chinese proverb.