Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

An important use of customer lifetime value data is: a. All of these are correct. b. as a replacement for market segmentation. c. to determine the allocation of marketing resources to marketing programs. d. to decrease the need for targeting specific customer groups.

Sagot :

ajeigbeibraheem

          An important use of customers' lifetime value data (CLVD) is all of the options. Option A is correct.

What is customer lifetime value data?

Customer lifetime value (CLV) is amongst the most important metrics to measure as a component of a customer experience journey. Customer lifetime value (CLV) is a metric for determining how important a client is to your business, not just for a single transaction, but for the entire relationship.

It's a crucial measure since keeping existing customers costs less than acquiring new ones, thus boosting the quality of your existing customers is a fantastic method to generate growth.

Knowing the Customer lifetime value (CLV) may help organizations establish strategies for:

  • Acquiring new consumers and
  • Retaining existing ones,

While keeping profit margins intact.

Learn more about Customer lifetime value (CLV) here:

https://brainly.com/question/22684208

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.