What is the lifetime value of a customer based on the following data?
Average expenditure - $8,000
Average number of purchases per year - 7
Average life span of a customer - 5 years
Direct and indirect costs of servicing account - $7,000 per purchase
Lifetime value of a customer acquired through this account - $20,000
Correct Answer:
Verified
Q192: Software such as Connectify Direct, NCR's Relationship
Q193: Because of the high cost of travel
Q194: In the business-to-business sector, the average field
Q195: What is the lifetime of a customer
Q196: What is the sales potential of a
Q198: What is the sales potential of a
Q199: Salespeople who process routine orders from customers
Q200: Salespeople who actively generate potential leads and
Q201: Individuals who directly support or assist in
Q202: A salesperson who is involved in going
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents