Question
Pick a product and calculate the lifetime value as a customer of that product (should use starting age as 13 and ending age as 82).
Pick a product and calculate the lifetime value as a customer of that product (should use starting age as 13 and ending age as 82). The product should be something that's brought at least once a week and can be used at least once a week.
- How would a company benefit from knowing this information?
- How do you feel when you see the total amount of money you will spend on the item in a lifetime?
- Would you change how you purchase the item, more or less often, based on your own calculations?
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Get StartedRecommended Textbook for
Operations And Supply Chain Management
Authors: F. Robert Jacobs, Richard Chase
14th Edition
978-0077824921, 78024021, 9780077823344, 007782492X, 77823346, 978-0078024023
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