Customer value is calculated as the ratio of company profits to company costs

Name: Customer value is calculated as the ratio of company profits to company costs
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Customer value is not calculated based on company profits and costs, but rather on the perceived benefits that a customer receives from a product or service relative to its price. It is often measured through customer satisfaction, loyalty, and willingness to pay.

Customer Value Is Calculated as the Ratio of Company Profits