Which of the Following Is Not a Critical Parameter for Calculating

question 54

Multiple Choice

Which of the following is not a critical parameter for calculating customer lifetime value?

• A)initial acquisition cost
• B)revenues
• C)profits or losses
• D)the duration of the relationship

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Definitions:

Justification Suppression Model

The idea that people endorse and freely express stereotypes in part to justify their own negative affective reactions to outgroup members.

Stereotype Threat Hypothesis

The stereotype threat hypothesis proposes that individuals at risk of confirming negative stereotypes about their social group may underperform in relevant tasks due to increased stress and anxiety.

System Justification Hypothesis

A theory suggesting that people have a psychological inclination to defend and justify the existing social, economic, and political systems, even at a cost to personal and group interest.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often leading to quick but sometimes inaccurate judgments.