The Customer Lifetime Value (CLV)is the Expected Contribution from the Customer

question 5

True/False

The customer lifetime value (CLV)is the expected contribution from the customer to the retail's profits over his or her entire relationship with the retailer.

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, calculated as cost of goods sold divided by the average inventory.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Sales In Receivables

Likely refers to the concept of "Accounts Receivables" which are amounts owed by customers for goods or services delivered on credit.

Decimal Place

The position of a number to the right of the decimal point; each position represents a power of ten.