What Is Meant by Customer Lifetime Value

question 63

Essay

What is meant by customer lifetime value?

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Definitions:

Response

Any behavior of a living organism that results from an external or internal stimulus.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning influences behavior, often excluding thoughts and feelings from their analysis.

Determined

Possessing a strong motivation or resolve; having a firm decision to do something.

Scientifically Studied

A research approach that utilizes systematic and empirical methods to investigate phenomena, ensuring reliability and validity of findings.