Question: Based on the following scenario, choose the correct value for Customer Lifetime Value ( CLV ) . Let's say you are brand loyal and exhibit

Based on the following scenario, choose the correct value for Customer Lifetime Value (CLV). Let's say you are brand loyal and exhibit brand preference for Apple computers. After you graduate high school you decide to purchase a new Toyota MacBook. Apple would like you to purchase another computer from them in the future. The company will likely spend money with the goal of maintaining a customer relationship with you, thus increasing the likelihood that you will purchase another vehicle from them. Your CLV calculation might be $3,000 for each MacBook purchased (average over time) multiplied by six computers over your lifetime, which equals a CLV of
$12,000
$14,000
$24,000
$18,000
 Based on the following scenario, choose the correct value for Customer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!