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Using data to optimize marketing and sales strategies: CPAs who want to drive greater profitability and growth must understand customer acquisition costs and customer lifetime value.

Authors :
Dhana, Fidel
Source :
Journal of Accountancy; Sep2024, Vol. 238 Issue 3, p40-46, 6p
Publication Year :
2024

Abstract

The article discusses the factors that corporations need to consider to optimize their sales and marketing strategies and achieve growth. Topics mentioned include the importance of assessing and segmenting customer acquisition cost (CAC) and understanding customer lifetime value (LTV), the analysis of present value in LTV, and the target LTV to CAC ratio.

Details

Language :
English
ISSN :
00218448
Volume :
238
Issue :
3
Database :
Complementary Index
Journal :
Journal of Accountancy
Publication Type :
Periodical
Accession number :
179427980