Lifetime Value
Emergence definition
Lifetime value: The total value of a customer or asset over its entire duration, calculated by summing revenue, costs, and other benefits generated throughout its lifespan, which is a measure of the emergent patterns of behavior and interactions that create value.
Wiktionary senses
Historical origin
Prerequisite chain
Neighborhood
In other languages
- Lebenszeitwert German
- lifetime value English primary
Prerequisites
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Understanding action is foundational to the process of lifetime-value
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lifetime value requires understanding process as a foundational concept
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Lifetime value: The total value of a customer or asset over its entire duration, calculated by summing revenue, costs, and other benefits generated throughout its lifespan.
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lifetime value requires understanding system as a foundational concept