Plz give answer within 45 min I will give your upvote ... Your average sale is $1000 with a 50% profitmargin. Last year (2020) you had 100 returningcustomers and acquired 120 new customers.Your customers tend to request your services 3times a year and tend to be loyal for 2 years.In 2020, you spent $40,000 on advertising andmarketing and paid an employee $75,000 tohelp you with marketing tasks.1. What is the Customer Lifetime Value?

Customer Lifetime Value: A forecast of the net profit created throughout the length of a customer's…

Answered: Your average sale is $1000 with a 50%…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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