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"Brand equity" is a brand name that is well known and holds value. Businesses that have well know brands or logos can help the business to increase sales, the financial value, and can be considered a valuable asset to a company.

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12y ago

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How can e commerce software help your small online business?

E-commerce software can help you small online business by giving you tools and a roadmap towards success on the Internet. It can help you grow your business or reach being sustained.


How do the concept of customer lifetime value and customer equity come into play in this case?

Customer lifetime value (CLV) and customer equity are crucial for assessing the long-term profitability of a business. CLV helps businesses estimate the total revenue a customer is expected to generate over their relationship, guiding marketing and retention strategies. Customer equity, the total combined CLV of all customers, reflects the company's brand value and informs investment decisions. In this case, understanding both concepts can help optimize customer acquisition and retention efforts, ultimately enhancing overall business growth.


What are the 6 functions of marketing?

They are to help a business grow. These factors can include advertising, marketing, promotion, sales, research, and growth.


Why is it important for business to be aware of the General Environment?

im not sure if all businesses have a need for that. its just mostly if you want your business to grow strong and successful you will have to face the environment and it would help you to be aware of it =)


How does creativity help an entrepreneur establish and grow business?

creativity make ones business look more outstanding against others. It earns one more customers as people today look in terms of ellegance and new technology etc

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How can e commerce software help your small online business?

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How do the concept of customer lifetime value and customer equity come into play in this case?

Customer lifetime value (CLV) and customer equity are crucial for assessing the long-term profitability of a business. CLV helps businesses estimate the total revenue a customer is expected to generate over their relationship, guiding marketing and retention strategies. Customer equity, the total combined CLV of all customers, reflects the company's brand value and informs investment decisions. In this case, understanding both concepts can help optimize customer acquisition and retention efforts, ultimately enhancing overall business growth.


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How Can I Get Help In Commencing A Small Business?

Not understanding anything about where you stand financially, I don't understand how to answer your question. However, there might be local organizations that will help a brand new business get began, for example "SCORE".


Is you business online We can help to grow it?

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