Customer Lifetime Value, Customer Segmentation, and Product Line are important concepts in business.
Customer Lifetime Value: The money a customer spends with a company during their entire relationship with the company. This metric helps businesses understand the long-term value each customer brings.
Customer Segmentation: Dividing customers based on their characteristics, such as demographics or buying behavior, to tailor offerings and marketing strategies.
Product Line: A set of related items for sale that share the same brand identity or target similar customer needs.
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