Calculate the economic value of a loyal customer for a company given that the customer purchases, on
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Question:
- Calculate the economic value of a loyal customer for a company given that the customer purchases, on an average, worth $43 per visit and comes three times a year. The company's gross profit margin is 35 per cent with a customer defection rate of 0.4.
(Enter answer with two decimals of the answer will be marked wrong)
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