The Time Inputs We Need for CLV Include

question 83

Multiple Choice

The time inputs we need for CLV include

• A) estimates of retention rate and average lifespan of particular product.
• B) estimates of retention rate.
• C) average lifespan of particular product.
• D) average age for the segment under consideration.

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Definitions:

Identification

Identification is the process of associating oneself closely with groups, values, or symbols, often influencing behavior and attitudes.

Involvement

The degree of personal interest and engagement an individual exhibits toward a task, role, or organization, often affecting their performance and satisfaction.

Job Performance

The level to which an individual executes their job responsibilities and tasks.

Job Satisfaction

A measure of how content an individual is with their job, encompassing aspects like work environment, job duties, and compensation.