According to the U.S. Small Business Administration (SBA), to officially count as "small," _____.
1 answer:
You might be interested in
The lifetime value of a local car dealership for an average customer is $120,000.
<h3>What is meant by a lifetime value?</h3>A lifetime value is an average amount that is being earned by the customer over the time period till its being a customer of a particular service.
Given values:
Amount spent by customer: $30,000
The average number of years: 40 years
Computation of lifetime value (LTV):
Therefore, when a customer spends $30,000 on a car dealership for 40 years of average time then its lifetime value would be $120,000.
Learn more about the lifetime value in the related link:
#SPJ1