Question
Company A proposes a customer loyalty plan, and customers can get reward points for purchasing product A for $100. This reward point can be redeemed
Company A proposes a customer loyalty plan, and customers can get reward points for purchasing product A for $100. This reward point can be redeemed for product B for free, or purchase product C, product B and merchant C at a discounted price of $30 The normal stand-alone selling prices of the products are $20 and $50 respectively. Company A estimates that 60% of customers would choose to redeem B for free Commodity, 40% of customers will choose to purchase Commodity C at a discounted price of $30, then the transaction price should be shared among the rewards What is the amount of incentive points? (A)$10.71 (B)$16,67 (C)$19.35 (D)$24.24
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started