Customer Lifetime Value Is the Net Present Value of the Profit

question 19

True/False

Customer lifetime value is the net present value of the profit that a company stands to realize on the average new customer during a given number of years.

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Definitions:

Sodium Borohydride

A chemical reagent and reducing agent that is widely used in the reduction of aldehydes, ketones, and acyl chlorides to alcohols.

Transformation

A process by which one chemical compound is changed into another by a chemical reaction or a physical process.

Reagents

Substances or compounds added to a system to cause a chemical reaction or test if a reaction occurs.

Major Organic

Pertains to the primary or most significant organic compound or entity in a particular context or reaction.