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Explain How a Company Determines Customer Lifetime Value and How

question 77

Essay

Explain how a company determines customer lifetime value and how a company can use this information to its advantage.


Definitions:

Motivational States

Psychological conditions that energize and direct behavior towards achieving a specific goal or satisfying a need.

Directive

An authoritative instruction or an official order.

Physiological Activation

The bodily responses activated through the nervous system and endocrine systems, often in response to external stimuli or internal mental processes.

Important Goals

Objectives or aims that hold significant value or priority in one's life or endeavor.

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