Ask Question
BusinessBusiness
25 June, 04:04

The subscription manager at Cosmopolitan magazine keeps track of the subscription renewal rate, which is a good measure of customer lifetime value. True False

+1
Answers (2)
  1. 25 June, 04:43
    0
    FALSE.

    Explanation:

    This question is false. Due to the fact that the customer's lifetime value is a metric used by an organization's marketing and sales area in order to estimate the revenue and future profit that a customer can generate for the company. This is a calculation that can be performed including some factors, such as the value and recurrence of purchases of products and services offered by the organization, including derivative products.

    Therefore, it is incorrect to say that controlling the subscription renewal rate is a good strategy for measuring the customer's lifetime value. Because the more subscriptions the Cosmopolitan magazine presents, the greater the future profit that a customer can generate for the company.
  2. 25 June, 08:02
    0
    The statement is: False.

    Explanation:

    Customer Lifetime Value or CLV refers to the total amount of money customers will spend on a business. It is an important gauge for firms to find out if costumers' spending will be high enough for a company to offer extra aid to consumers or not if their investment does not justify the costs.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The subscription manager at Cosmopolitan magazine keeps track of the subscription renewal rate, which is a good measure of customer ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Juan acquires a new 5-year class asset on March 14, 2018, for $200,000. This is the only asset Juan acquired during the year. He does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation.
Answers (1)
Goal acceptance, in goal-setting theory, means that employees have to "buy into" the goals and be committed to them. a. True b. False
Answers (1)
The accountant of Reliable Consulting, Inc. failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability.
Answers (1)
A bank reconciliation should be prepared whenever the bank refuses to lend the company money. when an employee is suspected of fraud. to explain any difference between the depositor's balance per books with the balance per bank.
Answers (1)
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights tendered, a shareholder may purchase one additional share at $20 per share.
Answers (1)
New Questions in Business
PA1. LO 6.1Colonels uses a traditional cost system and estimates next year’s overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours.
Answers (1)
The Prepaid Insurance account had a beginning balance of $14,000 and an ending balance of $24,000. How will the increase be reported on the statement of cash flows?
Answers (1)
otato Company began the period with an accounts receivable balance of $2,693 and a balance in the allowance for doubtful accounts of $494 The following transactions occurred in Potato Company a.
Answers (1)
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars of a better known brand-whose products are priced at $8 apiece.
Answers (1)
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Home » Business » The subscription manager at Cosmopolitan magazine keeps track of the subscription renewal rate, which is a good measure of customer lifetime value. True False
Sign Up Forgot Password?