Business, Legal & Accounting Glossary
The ability to keep repeat customers buying your product or services.
The continued possession, use, or control of something.
The condition of retaining (keeping) something.
Successful companies need to foster a safe and rewarding working environment so that employee retention remains at a high level.
With so many products being recalled, the company is concerned about retention.
They provide a very good repair and replacement service, which has contributed to their high retention rate.
“You may be able to memorise the facts in the short-term, but how well is your retention of those facts over the long-term?”
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Definitions for Retention are sourced/syndicated and enhanced from:
This glossary post was last updated: 15th February, 2020