Find the average value of a loyal customer


A local restaurant has a 80 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead as 30 percent. On the average, customers dine at the restaurant every two months with a spending of $40 per visit. . Determine the average value of a loyal customer.

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Operation Management: Find the average value of a loyal customer
Reference No:- TGS090618

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