<u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.
<h3>What is Lifetime Customer Value (LCV)?</h3>
Lifetime Customer Value is the entire contribution of a customer to a brand or business enterprise over the course of their relationship.
It's an essential metric since keeping returning customers requires less than acquiring new ones, thus improving the value of your existing customers is an excellent strategy to generate growth and profit.
Therefore, we can conclude that <u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.
Learn more about Lifetime customer value here:
brainly.com/question/26483324
Answer:
(1) Shen spends $200 to purchase legal service from Rowan and Martin. Associates - Dollars
(2) Valerie spends $8 to order a mojito cocktail - Dollars.
(3) Shen earns $375 per week working for Little Havana - Inputs.
Explanation:
<em>(1) & (2) statements in the "Answer" above</em> are <em>purchase on cash </em>transactions. Hence, they imply the flow of <em>dollars</em> from the household to the firm.
<em>(3) statement in the</em> <em>"Answer" above</em> implies giving of <em>factor input labor services</em> by Shen to Little Havana. Hence, it indicates the flow of <em>inputs </em>from the household to the firm.
Answer:
a. companies to keep track of their wins and losses.
Explanation:
Answer:
The oceans/ships
Explanation:
Most of the earth is covered by water, and that water made it possible for humans to travel long distances throughout their history. From the early history; crusaders, pirates and other generations have been developing ships to move across the countries and continents to trade and invade. In that regard, they used vast oceans to travel large distances
