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1.1 An upholstery company has an 80 percent customer retention rate on the sale of wooden tables. The company’s financial manager estimates the incremental contribution to profit and overhead as 40 percent. Customers purchase the wooden table every four years at an average cost of N$550.
a) Determine the average value of a loyal customer. [8 Marks]
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Write My Essay For Meb) What will be your total market share if the company gains 102 customers in a year? [2 Marks]
