Principles of Marketing, Student Value Edition Plus MyLab Marketing with Pearson eText -- Access Card Package (17th Edition)
Principles of Marketing, Student Value Edition Plus MyLab Marketing with Pearson eText -- Access Card Package (17th Edition)
17th Edition
ISBN: 9780134642321
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
bartleby

Concept explainers

Question
Book Icon
Chapter 1, Problem 1.13AC
Summary Introduction

Case summary:

Many marketers are unable to determine how long a customer can stay with them. This can be simply determined using the net present value (NPV). The net present value can be determined using the net cash flow, discount rate, and life time of the customer in the marketers’ place.

Introduction:

Customer lifetime value or CLV is a tool to determine the relationship with the customers. This helps the company in making decision on production, marketing, sales, and customer support.

To determine: The customer lifetime value.

Blurred answer
Students have asked these similar questions
Write a single-spaced memo (1-2 pages or 300 - 500 words) using the Microsoft Elegant template describing Shopify and how it impacts the marketing mix answering the following questions: What is Shopify, how does it work, and why would a retailer want to use it? How do online retail platforms like Shopify enable marketers to change the marketing mix?
Assume that you need to do a market research before launching a "car service at doorstep" business. You want to understand consumers' needs, wants, and the expectations from this type of product as well as their intentions to purchase it. • How many participants will you use?
I am leaning towards Walmart due to it being a full-line discount supercenter and Olipop's initial price is set for $1.50 temporarily.   https://drinkolipop.com/ Which one of the following retailers would be the best fit for this product? (Highlight one answer) Walmart – a full-line discount supercenter 24-Hour Fitness – a gym/fitness center with retail products GNC – a category vitamin/supplement specialist Whole Foods – a specialty grocery store Explain your answer using course concepts:
Knowledge Booster
Background pattern image
Marketing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Text book image
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Text book image
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:9781337407595
Author:Lamb
Publisher:Cengage
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning