A note from Sary

Lifetime Value: Imagine operating a lemonade stand on the sidewalk of a popular tourist destination. Each cup of lemonade costs $1. You may be busy serving cus-tomers, but each customer you serve is just passing by--you'll probably never see them again. Uatime Value is the total value of a customer's business over the lifetime of their relationship with your company, 'The more a customer purchases from you and the longer they stay with you, the more valuable that customer is to your business.

Sary The Personal MBA, page 187 · November 1, 2023 Save to shelf
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