Computing a Customer's Lifetime Value Is

question 45

Multiple Choice

Computing a customer's lifetime value is:

• A)both complicated and necessary
• B)too complicated to be worth it except for the biggest customers
• C)complicated,but possible with the assistance of special software
• D)simple,but vital to knowing how much time to spend with the customer
• E)simple to do,but not important for customer relationship management

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Definitions:

Social Change

Transformations in the social structures and cultural practices of a society.

Nonprofits

Organizations that operate primarily for a public or social benefit rather than for the profit of private owners or shareholders.

Critical Role

An essential position or function within an organization that is fundamental to its operation or success.

Revenue Ruling 2007-41

A guideline issued by the IRS regarding the political activity limitations of tax-exempt organizations under section 501(c)(3) of the Internal Revenue Code.