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Retention Rate

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Retention Rate - The retention rate is the percentage of customers who continue to purchase in a subsequent year. New customers who are added in the subsequent year would not be included in the retention rate calculation.

Source: NextMark, 19 August 2009 11:21:41, www.nextmark.com/ Externalindex/definition.jsp?glossaryTermId=a0800000000F9DxAAK


Data Quality Glossary.  A free resource from GRC Data Intelligence. For comments, questions or feedback: dqglossary@grcdi.nl