Retention Rate
Example
For example, a company that implements Retention Rate strategies, like They focused on improving customer retention rates., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
The percentage of customers who continue to use a company's products or services over a given period. This term is crucial in the Retention Rate context as it helps businesses understand how to Retention Rate in their operations, making it highly relevant for industries looking to optimize Retention Rate processes.
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