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Assoli18 [71]
3 years ago
15

Golf Guide sells imprinted clothing and accessories for golfers through a catalog. To find new customers, Golf Guide sends a sma

ll catalog to names selected from mailing lists. The company mails out catalogs at a cost of $3,100 per thousand pieces mailed, and can expect a response rate of 6%. All responders become customers. Calculate the cost per customer acquired implied by these numbers. Round to the nearest penny.
Business
1 answer:
kherson [118]3 years ago
7 0

Answer:

Cost per customer acquired = $51.67

Explanation:

Customer acquired per thousand pieces mailed = 1000*6% = 60

Total cost per thousand pieces mailed A    $3,100

Divide by Customers acquired  B                <u>   60     </u>

Cost per customer acquired A/B                <u>  $51.67</u>

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Use each of these key terms to best complete the following sentences. Use each term no more than once. Agreeableness
Lilit [14]

Answer:

4

1

3

2

Explanation:

The big 5 personality traits include

Openness - it includes people who are open to new things and enjoy learning new things.

Ted is high on this trait

Extraversion - it includes people who enjoy meeting new people and are very sociable.

Betty is high on this trait  

Conscientiousness - includes people that are organised and pay attention to details. Aiden is low on this trait

Agreeableness - includes people that trust people easily and are kind

Neuroticism - includes people that are usually moody or sad

3 0
3 years ago
Imagine that you are the CEO of Wal-Mart. Pick three ways discussed in this section to explain how you would improve customer se
iren [92.7K]

Answer:

make sure workers aren't slacking and helping customers

4 0
3 years ago
For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result
bearhunter [10]

Answer:

b. inelastic

c. Yes - it decreased

Explanation:

Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price

= -2/4 = -0.5

The absolute value is 0.5

If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.

Demand is inelastic if a change in price has no effect on quantity demanded .

We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.

I hope my answer helps you

7 0
3 years ago
What is one drawback of pure competition compared to monopolies?
frutty [35]

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

  • There are no dominant suppliers.
  • There is ease of entry and exit into the market
  • Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

8 0
3 years ago
Read 2 more answers
Which of the following statements is correct regarding a cover letter?
Oxana [17]
The cover letter should be short and direct.
5 0
3 years ago
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