In Calculating Customer Lifetime Value (CLV), Time Inputs Include: (1)

question 55

True/False

In calculating customer lifetime value (CLV), time inputs include: (1) a decent guesstimate at the likely retention rate from year to year and (2) a sense of the average lifespan duration for the particular product or brand.

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Definitions:

Existing Stocks

Refers to the inventory of goods or materials that a company currently holds.

Idle Capacity

The portion of a company's resources that could be used for production but remains unutilized during a certain period.

Damaged Van

A van that has suffered physical harm or injury, impacting its value and functionality.

Repair

The process of restoring equipment, machinery, or property to its previous condition to ensure functionality.