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How a Prisoner's Dilemma Explains the Power of Customer Service | Dog Behind Bars

How a Prisoner’s Dilemma Explains the Power of Customer Service

For the launch of the Customers That Stick blog, we published a roundup post entitled What Is Customer Service? At the beginning of that post, I posited a question: “Is customer service a mere business function, subject to the tight strictures of return on investment? Or is customer service an expression of human decency, something

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Annoying 1 Old Customer to Gain 5 New? A Lesson from the UFC

An important aspect of any business is determining the price you pay for new customers. The cost of a new customer is generally calculated as a function of marketing and sales expense using metrics such as Cost Per Acquisition (CPA). However, there is a soft cost that is rarely discussed: the alienation of existing customers

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