Explain Why a Supermarket Owner Might Consider Customer Lifetime Value

question 103

Essay

Explain why a supermarket owner might consider customer lifetime value when a disgruntled customer leaves the store dissatisfied.

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Definitions:

Birth Order

The chronological order of sibling births in a family, which is thought to influence personality and behavioral traits.

Genetic Makeup

Genetic makeup refers to the set of genes that an organism inherits from its parents, which codes for its physical and some behavioral traits.

Parental Attitudes

Refers to the feelings, beliefs, and behaviors that parents have towards their offspring which significantly impact their development.

Style of Life

An individual's unique set of behaviors, attitudes, and habits that are developed to navigate life and achieve personal goals.