Customer Lifetime Value
Example
For example, a company that implements Customer Lifetime Value strategies, like Increasing customer lifetime value can significantly boost a company's revenue over time., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
The total worth to a business of a customer over the whole period of their relationship. This term is crucial in the Customer Lifetime Value context as it helps businesses understand how to Customer Lifetime Value in their operations, making it highly relevant for industries looking to optimize Customer Lifetime Value processes.
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