QUESTION IMAGE
Question
multiple choice question
firms that emphasize clv (customer lifetime value) focus on customer ______.
- size
- profitability
- status
- characteristics
- relationships
Brief Explanations
Customer Lifetime Value (CLV) measures the total revenue a business can expect from a single customer account over the entire relationship. Firms focusing on CLV prioritize building and maintaining long-term customer relationships to maximize this long-term value, rather than short-term metrics like immediate profitability or superficial traits like size, status, or general characteristics.
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E. relationships