The Lifetime Value of a Customer Is the Net Profit

question 4

True/False

The lifetime value of a customer is the net profit received from doing business with a given customer during that time that the customer continues to buy from you.

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Definitions:

Divide

A mathematical operation where the total quantity is divided into equal parts, and the result shows how many of those parts make up the original amount.

Simplify

The process of altering an expression or equation to make it easier to work with, by combining like terms, reducing fractions, or employing identities.

Simplify

The process of making an expression or equation easier to understand or solve by combining like terms or eliminating complexity.

Operations

Basic mathematical procedures such as addition, subtraction, multiplication, and division.