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ObjectiveMcq
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What is the full form of "CLV"?
Correct Answer: B — Customer Lifetime Value
Explanation:
Customer Lifetime Value (CLV) is the amount of money a customer is predicted to spend with your business for the duration of your relationship with that individual. It's an important metric, and the way you approach it can both define your business and could vary significantly depending on what you're trying to get from your business.