CLV or Customer Lifetime Value Is an Important Number in That

question 105

Multiple Choice

CLV or Customer Lifetime Value is an important number in that it represents ___________.

• A) What a customer spends in a year
• B) An upper limit on spending to acquire a new customer
• C) The importance of government contracts that have less risk
• D) The loss one could expect from a new competitor
• E) The discount rate of a given customer

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Definitions:

Neural Network

A computational model designed to simulate the way the human brain analyzes and processes information, utilizing interconnected nodes or neurons in a layered structure.

Critical Period

An optimal period shortly after birth when an organism’s exposure to certain stimuli or experiences produces proper development.

Critical Periods

Specific times in an organism's development when it is particularly sensitive to certain environmental stimuli, which shape future behaviors and abilities.

Physical Contact

The act of touching or being in close proximity to another person or object, which can have psychological and emotional effects.