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First things first - you usually ask for someone's 'input' on something.. not 'output'
640 isn't all that bad, if you have plenty of time on your hands it wouldn't hurt to try to bump it up to 700...
But I noticed a big hole in your situation... to quote you "From Babcock feedback, my lack of experiences was my weakness."
Then your summary question is "Should I retake the GMAT?"
If a school has given you feedback saying you lack experience, then maybe you should look more closely at that rather than your GMAT score...
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