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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

  1. 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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