Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AllTech had a penetration of 100K last month and estimates a repeat rate of 90% this month. They also expect to add another 10K customers

AllTech had a penetration of 100K last month and estimates a repeat rate of 90% this month. They also expect to add another 10K customers this month. Typically customers will buy an average of 3 units of the product per month. 

Given these figures, AllTech's sales projection for this month is 300,000 units. 

Step by Step Solution

3.51 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Lets break down the calculation to verify the sales projection for this month 1 Initial Penetration ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Strategy

Authors: Mike W. Peng

5th Edition

0357512367, 978-0357512364

More Books

Students also viewed these Accounting questions