The Concept of a Customer's Lifetime Value Is Important to Companies

question 2

Multiple Choice

The concept of a customer's lifetime value is important to companies because:

• A) It lets the company know how many products they have sold over time
• B) It forces the company to invest money into things they don't need
• C) It helps decide what customers need and what amount of resources allocated to them
• D) All of the above

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Definitions:

Enmeshed Family Pattern

A family system in which members are overinvolved with each other’s affairs and overconcerned about each other’s welfare.

Salvador Minuchin

A notable psychiatrist known for his work in family therapy and the development of structural family therapy.

Weight Set Point

The theory that the body has a natural or optimal weight that it strives to maintain through its metabolic and physiological mechanisms.

Hypothalamic Activity

Pertains to the actions or functions of the hypothalamus, a small region of the brain that regulates many bodily functions including hunger, thirst, and temperature.