Customer lifetime value

   

This is a long-term marketing principle which looks at the value to the company of a customer over the whole time that they relate with the company. This includes knowing that although a customer may temporarily use another company's products/services, they can return.

One important consequence of a company taking the long-term view to heart and into action is that the customer tends to have better service and hence tends to be more loyal.

See Customer focus, Marketing strategies

Retrieved from "http://www.centipedia.com/articles/Customer_lifetime_value"

This page has been accessed 2382 times. This page was last modified 00:15, 23 Feb 2004. All text is available under the terms of the GNU Free Documentation License (see Copyrights for details).