Question: CLV ? Generally, when marketers focus on customers chosen for their lifetime value, they earn higher profits in future periods than when they focus on
CLV
Generally, when marketers focus on customers chosen for their lifetime value, they earn higher profits in future periods than when they focus on customers selected for other reasons.
It is a measure of a customer's worth sales minus costs to a business during the customer's lifetime.
Since life expectancies vary and constitute mere projections, it is very difficult to calculate.
The amount of money a company is willing to spend to retain customers is a factor to consider.
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