Question: Your average customer spends $7.00 per purchase and visits your location 4 times a week over two terms (8 months/32 weeks) on average. You have

Your average customer spends $7.00 per purchase and visits your location 4 times a week over two terms (8 months/32 weeks) on average. You have done some adhoc surveys and found out that most students that visit your location, are full-time for a 5 year period. Calculate the Lifetime value of a loyal student Tip: only enter a numerical value with no decimal point

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!

The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of Iits competitors, Centar and Xermix. However, the data Neros abtained...

Lifetime Value You are the owner for a popular coffee shop just around the corner from the university. There are three other coffee shops in the area but to maintain your competitive edge you serve...

You are the owner for a popular coffee shop just around the corner from the university. There are three other coffee shops in the area but to maintain your competitive edge you serve specialty...

ASSIGNMENT DESCRIPTION This assignment immerses the student in a real-life situation that actually takes place in businesses that are trying to evolve/grow to the next level of professionalism. It...

Overview Nineteen67apparel is an apparel e-commerce company in London Ontario. This town is heavily populated with university students and young professionals, the total population of university...

Rights Arbitration Assignment Winter 2024 Due: Last class Instructor: Dr. Ted Mock Natural Resource Group ("NRG") is in the business of the transmission and delivery of natural gas to end-consumers...

CSRs spend more than 80% of their working day either on the telephone or accessing information on their desktop computers. In addition to accessing NRGs customer billing system, CSRs have access to...

I have an idea about how to do these but I want to double check my work. Please help me 1. A 140-seat dining room had a weekly customer count by meal period and day: Lunch Dinner Sunday Closed 180...

Problem 1. Gerard has been successfully operating a bed and breakfast in South Carolina from his home in Atlanta. Based on the recurring income he receives from that property, hes decided to expand...

Case study: Remedy Physiotherapy. I need help in drafting a marketing plan Names of people and businesses are disguised. Some aspects of the local area and the physiotherapy industry are simplified...

How do you develop a common ground with your audience?

Determine the internal normal force, shear force, and moment at point D which is located just to the right of the 50-Nforce. 50 N 50 N 50 N 50 N 30 30 30 30 30 600 mim

What portion of an employee's contribution to a defined contribution plan could the employee expect to receive if he or she left the employer after one year? It would depend on the employer's vesting...

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

=+total capital grow at 3.6 percent per year. Suppose further that the capital share of output is 1/3. If you used the growth-accounting equation to divide output growth into three sources

=+ 2. Labor productivity is defi ned as Y/L, the amount of output divided by the amount of labor input. Start with the growth-accounting equation and show that the growth in labor

=+capital stock was 7, the labor input was 4, and output was 14. What happened to total factor productivity between the two years?