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What is the full form of "LTV"?

A. Life Time Value

B. Leverage Time Value

C. Lease Through Value

D. Long Time Vendor

Answer: Option A

Solution(By Examveda Team)

Lifetime Value (LTV) is a prediction of the net profit attributed to an ongoing relationship between customer and product. By providing a running estimate on how much a particular consumer is likely to spend on that app, LTV helps set marketing budgets and ensures that companies pursue the most effective users.
If a company can predict a user’s lifetime value successfully, it provides marketers with a much better base on which to make decisions - helping a company maximize the effectiveness of its advertising spending. The term itself is also known as customer lifetime value (CLV or CLTV) and lifetime customer value (LCV).

This Question Belongs to Abbreviations >> Marketing Abbreviations

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