Measuring customer value? Don't overlook product returns

Wednesday, April 29, 2015 - 12:00 in Mathematics & Economics

When trying to identify 'good' customers, managers often ignore those who return products, or might even consider those customers non-ideal, decreasing the resources devoted to them. In the long term, however, satisfactory product return experiences can actually create a valuable long-term customer whose contributions far outweigh the associated costs, according to a new study.

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