Logomenu
shrug

Do you need help with

Amazon Prime has one of the highest customer loyalty ratings in the entertainment industry with a significant percentage of current video streaming subscribers continuing to renew their subscription with Amazon on a yearly or month-to-month basis. In addition, many customers have cancelled their cable or satellite subscriptions and rely almost exclusively on streaming services such as Amazon Prime and Netflix for their entertainment. Amazon Prime video streaming is available as part of Amazon's $99/year Amazon Prime suite of offerings that includes free 2-day shipping on many Amazon.com orders. Customers can also choose to pay by the month for $12.99/month. If a significant percentage of subscribers continue their service on an annual basis, Amazon is able to build a stable revenue stream based on repeat purchasers. A quick snapshot of one customer revealed that the customer had subscribed to Prime for five years and generated over $700 in revenue to Amazon. Which of the following marketing terms best captures the importance of customer loyalty and its impact on Amazon?a.Customer lifetime valueb.Customer impact scorec.Customer patronage valued.Customer retail calculatione.Customer profitability value

Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!

arrowarrow
Learn The Answer

How StudyFetch Helps You Master This Topic

AI-Powered Explanations

Get in-depth, personalized explanations on this topic and related concepts, tailored to your learning style.

Practice Tests

Take adaptive quizzes that focus on your weak areas and help reinforce your understanding of the subject.

Interactive Flashcards

Review key concepts and terms with AI-generated flashcards, optimizing your retention and recall.

Educational Games

Engage with fun, interactive games that reinforce your learning and make studying more enjoyable.

Start mastering this topic and many others with StudyFetch's comprehensive learning tools.

study fetcharrow
Ready To ace that test?

Sign up to revolutionize your learning.