Customer Retention : The Key to Business Success

Authors

  • Kawaljit Kaur Lecturer, Swami Satyanand College of Management and Technology, Amritsar (Punjab)

DOI:

https://doi.org/10.26703/jct.v5i2.393

Keywords:

Customer Retention, Business Success, BSNL, Customer Loyalty

Abstract

This Paper measures how customer can be retained and what are the various measures to retain existing customers this leads to increase the lifelong value of the company. This paper has given detailed information about strategies of customer retention and how to win customer through integrated approach. In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.

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References

Berman, Barry and Evans, Joel R. (2002), “Retail Management—A Strategic Approach”, Pearson Education, Inc.

Gilbert, David (1999), “Retail Marketing Management”, Pearson Education Ltd.

Kotler, Philip (1994), “Marketing Management (Analysis, Planning, Implementation and Control)”, Prentice Hall.

Lal, Madan and Prabhakar, Rajkiran (2007) “Customer Relationship Management in Retail”, Apeejay Journal of Management & Technology, Vol. 2, No. 1.

Marquardt, Raymond A., Makens, James C. and Roe, Robert G. (1975), “Retail Management: Satisfaction of Consumer Needs”, The Dryden Press.

Singh, Parampal and Kaur, Ramneek (2007), “Service Marketing”, Kalyani Publishers.

http://en.wikipedia.org/wiki/Customer_retention

http://en.wikipedia.org/wiki/Customer_satisfaction

http://www.1000ventures.com/business_guide/crosscuttings/customer_retention.html

www.alttc.bsnl.co.in/altzine/vol_july06/Customer%20.doc

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Published

01-11-2010

How to Cite

Kaur, K. (2010). Customer Retention : The Key to Business Success. Journal of Commerce and Trade, 5(2), 68–73. https://doi.org/10.26703/jct.v5i2.393

Issue

Section

Research Paper
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