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1. Explain what the lifetime value of a customer is. 2. Explain tarrifs, GDP, foreign exchange rate, trade agreements, economic communities and common markets. 3.

1. Explain what the lifetime value of a customer is.

2. Explain tarrifs, GDP, foreign exchange rate, trade agreements, economic communities and common markets.

3. What are the different levels of economic development for countries?

4. Distinguish between perfect competition, oligopoly, monopolistic competition and monopoly.

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