Question: Why is it important to take customers life time value into consideration? In other words, why is it important to strive for customers' loyalty and

Why is it important to take customers life time

Why is it important to take customers life time value into consideration? In other words, why is it important to strive for customers' loyalty and long-term commitment to business? Explain how you would take customers life time value into consideration (what will you do for the customers retention and loyalty) in the business that was assigned to your team for the final project. Maximum 150 words

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!

Determine the missing amounts in each of the following four independent scenarios: a. X Co. had a $4,500 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company...

Answer the following question in maximum 150 words: Why is it important to take customers life time value into consideration? Explain how you would take customers life time value into consideration...

Why is it important to take customers life time value into consideration? Explain how you would take customers life time value into consideration in the business idea that you chose for your project.

Could you please trying to separate your project into differents parts? I really found hard to segment each part. Please let me know if you can fix it. Thank you Please find below the Theme: Customer...

Abstract The ultimate purpose of CRM, like any organizational initiative, is to increase profit. In the case of CRM this is achieved mainly by providing a better service to your customers than your...

Read Sheth, J. (2012) The Reincarnation of Relationship Marketing, (Links to an external site.) and reference it in your response to this topic. There is a perception that relationships can exist...

Tips from The Stuff of Heroes! The following is an excerpt from The Stuff of Heroes, by William Cohen, a retired Air Force major general. In the book Cohen includes dozens of inspiring stories from...

\fMarketing Fashion: A Global Perspective 00_INT_Rath_FM_FNL.indd 1 4/16/12 6:54 PM 00_INT_Rath_FM_FNL.indd 2 4/16/12 6:54 PM Marketing Fashion: A Global Perspective Patricia Mink Rath Marketing...

Assignment: Leadership Styles You should choose a leader to interview. The leader can be a friend, coworker, supervisor, family member who holds a type of leadership position. In your interview you...

STUDY Case 11 pics A resource-based analysis is an approach which organisations use to analyse their internal market. Use the Nikon case study in Business Cases: From SA Companies (Niewenhuizen,...

What are attitudes in organizations? How are attitudes formed? What are the components of attitude structure; what is Cognitive Dissonance; how may attitudes change within the organization?

What are the individual and organizational foundations of empowerment and teamwork?

For an estimate of a property's market value to meet Fannie Mae's standards, which of the following conditions must be met? ( Select all that apply ) Group of answer choices The property has been...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...