Customer lifetime value basically describes the net present value of the stream of future profits expected over the customer's lifetime purchases.
<h3>
What is Customer lifetime value?</h3>
Customer lifetime value can likewise be characterized as the financial value of a customer relationship, in light of the current value of the extended future incomes from the customer relationship.
The motivation behind the customer lifetime value metric is to evaluate the monetary value of every customer. Wear Peppers and Martha Rogers are cited as saying, "a few customers are more equivalent than others."
Customer lifetime value varies from customer benefit or CP (the contrast between the incomes and the expenses related with the customer relationship during a predetermined period) in that CP estimates the past.
Therefore it is the Customer lifetime value which denotes the net value for future profits.
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Answer:
<u>1. Johann is looking to double the profits of his lemonade stand</u>
Explanation:
Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.
<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.
The name of this statement that was prepared by the Midwest flight attendants is: Submission Agreement
Submission Agreement is a singular case which the complainant pushes forward as the main case that they want to be settled.
A submission agreement was prepared by the Midwest Flight attendants. Their singular grievance was that they were treated unfairly.
So, they submitted a Submission Agreement to the arbitration hearing.
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Answer:
The bill is $57.5
Explanation:
The computation of bill is shown below:
= Price for starters + price for main course + price for deserts + service charge tax
= $12.50 + $28.55 + $8.95 + $7.5
= $57.50
The service charge would be calculated by considering all food costing.
In mathematically
= Service tax rate × ( Price for starters + price for main course + price for deserts)
= 15% × ($12.50 + $28.55 + $8.95)
= 15% × $50
=$7.5
Hence, the bill is $57.5
It is controlling. It is characterized as a precise exertion by business administration to contrast execution with foreordained norms, plans, or targets keeping in mind the end goal to decide if execution is in accordance with these measures and apparently so as to make any therapeutic move required to see that human and other corporate assets are being utilized as a part of the best and effective path conceivable in accomplishing corporate destinations
