Lifetime Customer Value Is an Estimate of How Much Purchase

question 110

True/False

Lifetime customer value is an estimate of how much purchase volume companies can expect to get over time from various target markets.

---

Definitions:

Leahy-Smith America Invents Act

is a significant piece of U.S. legislation that reformed the patent system, transitioning the U.S. to a first-to-file system from a first-to-invent system.

First Inventor

The initial individual or entity to conceive and document a unique invention eligible for patent protection.

Economic Espionage Act

A federal law that criminalizes the theft or misappropriation of trade secrets with the intent or knowledge that the offense will benefit a foreign government or entity.

Federal Criminal Offense

A violation of law under the jurisdiction of federal legislation, often involving crimes that cross state lines or offenses against federal institutions.