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Explain CLV for Marketing Decisions

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Your question is Explain CLV for Marketing Decisions. Take a moment with it on the right.

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Problem

Scenario

You're working with a marketing team that needs to decide how much to spend to acquire and retain customers. Some channels bring in more signups, but the long-term value of those customers may differ.

Question

Can you explain the concept of customer lifetime value (CLV) and how it impacts marketing decisions?