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Which metric measures the profitability of a customer over their entire relationship with the business?Answer choicesSelect only one optionREVISITNet Promoter Score (NPS)Customer Satisfaction Score (CSAT)Customer Lifetime Value (CLV)Customer Effort Score (CES)

Question

Which metric measures the profitability of a customer over their entire relationship with the business?Answer choicesSelect only one optionREVISITNet Promoter Score (NPS)Customer Satisfaction Score (CSAT)Customer Lifetime Value (CLV)Customer Effort Score (CES)

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Solution

The metric that measures the profitability of a customer over their entire relationship with the business is the Customer Lifetime Value (CLV).

Similar Questions

Which of the following metrics is used to measure the effort a customer has to exert to get an issue resolved?Answer choicesSelect only one optionREVISITCustomer Satisfaction Score (CSAT)Net Promoter Score (NPS)Customer Effort Score (CES)Customer Lifetime Value (CLV)

Which of the following is a common metric for tracking customer experience?Answer choicesSelect only one optionREVISITNet Promoter Score (NPS)Gross Profit MarginOperating Expense RatioReturn on Investment (ROI)

Which of the following marketing metrics primarily measures the effectiveness of converting potential customers into actual customers?Conversion RateReturn on Marketing Investment (ROMI)Customer Lifetime Value (CLTV)Cost Per Click (CPC)

What is the primary aim of CX metrics such as NPS CSAT and CES?OPTION ACTIONMeasuring employee performance Understanding customer sentiment Analyzing financial performance Measuring Customer satisfaction and loyalty

Why is Customer Lifetime Value (CLV) important?Answer choicesSelect only one optionREVISITIt determines the company's total revenueIt helps determine the value different customers bring over their lifetimeIt helps in setting the price of productsIt determines the company's market share

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