Question: What is the customer lifetime value using the following information? Sales revenue: 100 Gross profit margin: 0.20 Product cost margin: 0.80 Average number of repeat

What is the customer lifetime value using the following information? Sales revenue: 100 Gross profit margin: 0.20 Product cost margin: 0.80 Average number of repeat purchases: 20 Minimum number of repeat purchases: 3 Maximum number of repeat purchases: 100 Multiple Choice $60 $400 $1,600 $2,000

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