_____ is a simple formula that is used to assist marketers in determining the dollar value associated with a long-term relationship with a customer, thus evaluating his or her worth.

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Customer lifetime value is a formula used by marketers to calculate the total revenue a customer will provide to a business over the duration of their relationship. It takes into account factors like the customer's average spend and how often they make purchases. By understanding the customer lifetime value, businesses can determine the amount they should spend on acquiring and retaining customers, as well as prioritize their marketing efforts accordingly.

_____ Is a Simple Formula That Is Used to Assist