Mathematics · Customer Lifetime Value (CLV)
A retail bank wants to calculate the Customer Lifetime Value (CLV) for its retail segment. The details are as follows: * Annual Profit per Customer: ₹5,000 * Average Customer Relationship Duration: 6 years * Annual Cost of Servicing the Customer: ₹1,000 * Average Cost of Acquiring a New Customer: ₹4,000 Using a simple non-discounted model, calculate the CLV for a new customer.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹30,000
- 2₹26,000
- 3₹24,000
- 4₹20,000✓
Correct answer
₹20,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Mathematics?
Practice full-length Mathematics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Customer Lifetime Value (CLV) MCQs →Want more practice questions on Customer Lifetime Value (CLV)?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Customer Lifetime Value (CLV)