Question
What is a grocery store's contribution margin (CM) if the average purchase price is $87.30 per visit, the customer defection rate is 0.25, the VLC
What is a grocery store's contribution margin (CM) if the average purchase price is $87.30 per visit, the customer defection rate is 0.25, the VLC is $2,000, and 52 purchases are made per year? Use a trial-and-error approach with the Excel template VLC to find your answer. Round your answer to the nearest whole number. ____%
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Successful Project Management
Authors: Jack Gido, Jim Clements
4th Edition
9780324656152, 324656130, 978-0324656138
