Why might a company try to determine the lifetime value of a customer? What must a company do to determine this information?
What will be an ideal response?
A company must look at how much profit it expects to make from a particular customer, including each and every purchase he will make from the company now and in the future. To calculate lifetime value, the company estimates the amount the person will spend and then subtracts what it will cost to maintain this relationship. This information will help a company decide which customers should be the focus of promotional efforts and which customers should be "fired."
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In a complaint committee in a peer-review system, employee representatives are
A. appointed by the union. B. appointed by the management. C. elected by coworkers. D. selected by the complainant.
Force majeure clauses in international business contracts commonly set forth the major clauses of the contracts
a. True b. False Indicate whether the statement is true or false
You wish to accumulate $10,000 by depositing $481.46 per month into a savings account that earns 4.75%
compounded monthly. How many monthly deposits must you make? What will be an ideal response?