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One credit card company sent 1,000,000 letters with the costs of $1.6 million dollars to the target market, and finally they issued 40,000 new credit
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One credit card company sent 1,000,000 letters with the costs of $1.6 million dollars to the target market, and finally they issued 40,000 new credit cards. After one month, only 35,000 of them activated a credit statement.
7) If we define credit users who activated a credit statement as acquired customers, how much is the acquisition cost?
$10/person
$40/person
$37.5/person
$3.75/person
$45.7/person
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