Lifetime Value Analysis Allows a Company to Monitor the Actual

question 47

Short Answer

Lifetime value analysis allows a company to monitor the actual costs of doing business with customers to ensure that it is focusing on the most ________ customers.

---

Definitions:

Cancel

The act of terminating or voiding a contract, agreement, or obligation, rendering it ineffective or null.

Delivery

The act of transferring something from one party to another, often referring to goods, but can also apply to the delivery of services or legal documents.

Liquidated Damages

Pre-determined damages agreed upon by parties in a contract, to be paid if one party breaches the contract.

Article 2A

A specific portion of the Uniform Commercial Code that governs leases of personal property.