Question: Gary's Shoes and Accessories is attempting to quantify the value of a loyal customer. Al Bundy, Gary's data analyst, has carefully analyzed ten years of
Gary's Shoes and Accessories is attempting to quantify the value of a loyal customer. Al Bundy, Gary's data analyst, has carefully analyzed ten years of data and determined that Gary's customers tend to purchase a new pair of shoes every four years and the customer defection rate is The contribution margin of most of the shoe lines is and the revenue for a pair of shoes is $ What is Gary's value of a loyal customer?
a $
b $
c $
d $
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