Map the approach for managing customer dynamics to the example:

Approach:

Lifecycle Approach $(1)$

Dynamic Customer Segmentation $(2)$

Customer Lifetime Value $(3)$

Example:

Croc's uses customer data to determine whether an individual customer is price sensitive or not and then custamizes promotions $($e$.$g$.,$ no discount, $10\%$ off, $20\%$ off$)$ accordingly. $(4)$

McDonald's offerings and promotions are targeted toward the average child or the average adult. $(5)$

Chase Bank promotes different offerings and implements different promotions based on how long the customer has been with the bank $($e$.$g$.,$ new customers, established customers for over $5$ years$).(6)$