The value of loyal customers or VLC is derived by multiplying the values of the purchase price, contribution margin, repurchase frequency, and buyer's life cycle with each other.
<h3>How do you calculate a loyal customer's average value?</h3>
- This number shows the amount of revenue your typical customer will likely provide to your company over the course of their dealings with you. Put into formula form: Customer value times typical customer longevity equals CLV. Using the equation: (P) (RF) (CM) = VLC (BLC) VLC = (75) (6) (10%) (1/0.25) VLC = $180.00 A loyal customer is worth an average of $180.00.
- Loyalty-based segmentation gauges a customer's level of adherence to your brand, whether it is through participation in a rewards program, the volume of their purchases, or their overall engagement with your marketing initiatives.
VCL= 75*0.28
6*1/0.25=481,090.91
To learn more about value of a loyal customer refer to:
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Answer:
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The answer is <span>smallest not yet placed. </span><span>In each iteration, selection sort places smallest not yet placed element in the correct location. </span>
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