Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

B Spreadsheet Use the Excel template VLC to find the average value of a loyal customer (VLC) in a target market segment if the average

B Spreadsheet Use the Excel template VLC to find the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $75 per visit, the frequency of repurchase is six times per year, the contribution margin is 5 percent, and the average customer defection rate is 20 percent? Round your answer to the nearest dollar. $ 1 Value of a Loyal Customer 2 Enter data only in yellow cells. 3 4 5 6 7 00 8 9 10 OCengage Learning Not for commercial use. Revenue per unit $100.00 Percent contribution margin to profit and overhead 50.0% Repurchase frequency (purchases/year) 0.25 Defection rate 0.4 Buyer's life cycle 2.50 VLC $31.25

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Accounting Information For Decision Making Process

Authors: Karl Matron

1st Edition

B07DZQJMZ2

More Books

Students also viewed these Accounting questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

Describe key customer feedback collection tools.

Answered: 1 week ago

Question

Know what customers expect from the firm when they complain.

Answered: 1 week ago

Question

Understand why customers complain.

Answered: 1 week ago