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Repeat Customer Rate

The repeat customer rate is the percentage of customers who make repeat purchases from a business. This metric is important because it is generally easier and more cost-effective to sell to existing customers than to acquire new ones. A high repeat customer rate can be a sign that a business is providing good value and customer service, which can lead to increased customer loyalty and long-term success.

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Restaurants Accounting
The Restaurant Business An Accounting Guide

The Restaurant Business An Accounting Guide

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