Question
The Jasmit Jean Company sells demin jeans and has experienced declining sales over the past 2 years due to the Covid Pandemic. Your Vice President
The Jasmit Jean Company sells demin jeans and has experienced declining sales over the past 2 years due to the Covid Pandemic. Your Vice President of Marketing has asked you for the average sale per customer as part of data-collection to determine marketing strategies to address this sales decline.
Your marketing team has extracted the following data from your database: Your company has 1,000 retained customers, with total revenues of $150,000 in Year 1; 400 retained customers in Year 2 with total revenues of $40,000; and 50 retained customers in Year 3 with $50,000 in total revenue.
What is the average sale per customer over the given 3 year period?
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