What is the average defection rate for grocery store


What is the average defection rate for grocery store shoppers in a local area of a large city if customers spend $60 per visit, customers shop 52 weeks per year, the grocery store has a 12% gross margin, and the value of a loyal customer is estimated at $2,750 per year?

Request for Solution File

Ask an Expert for Answer!!
Operation Management: What is the average defection rate for grocery store
Reference No:- TGS0570684

Expected delivery within 24 Hours