On the average customers dine at the restaurant every two, Ask an Expert

Management Studies

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.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M990618

Have any Question?Write your Review or question?

Related Questions in Operation Management

Most firms attempt to quantify their political risk

Most firms attempt to quantify their political risk, although they do not assign specific weights to the respective criteria. Why is this approach so popular? Would the companies be better off assigning weights to each o ...

Strategies for confronting these problems and issues are

Strategies for confronting these problems and issues are generated through a SWOT analysis for Southwest. By combining Southwest’s strengths, weaknesses, opportunities, and threats to work together or versus each other, ...

Conduct a research into the terrorist attack on the world

"Conduct a research into the terrorist attack on the World Trade Center towers in New York City on September 11, 2001. The towers were designed to withstand the force of the impact of jetliners like the ones that slammed ...

Mr and mrs yeung are shareholders and directors of japan

Mr and Mrs Yeung are shareholders and directors of Japan Travel Limited, a company incorporated in Hong Kong. They are organizing sightseeing tours to Japan. The company adopts the Model Articles. Required: a. Three year ...

In regards to the namibian justice system1 briefly discuss

In regards to the Namibian justice system 1. Briefly discuss factors affecting contractual capacity 2. Briefly discuss the different forms of breach of contract 3. Briefly discuss how a contract can be terminated Answer ...

1 what are the challenges of conducting marketing research

1. What are the challenges of conducting marketing research in global markets. Provide examples of companies that failed to conduct adequate research and failed in in their attempt to compete successfully in foreign mark ...

Please answer question depend on mohamed yousef naghi and

Please answer question depend on mohamed yousef naghi and brother group 1. Analyze your business and process as per below points: Usability Modeling of ICT and other resources (UM) a. Finding the optimal solution b. Cost ...

1 youre the owner of a fish company that advertises that

1. You're the owner of a fish company that advertises that 98.7% of the fish were caught within the past 36 hours and that all your products are 100% fresh. How many DPMO does this claim represent and at what sigma level ...

How do you think your graduate educational experience will

How do you think your graduate educational experience will be different from your undergraduate experience? How would you describe a graduate learning community? What would be the key components of a learning community a ...

1 which of the following is not a time series analysis

1. Which of the following is not a time series analysis quantitative forecasting method? Multiple regression Simple regression Exponential smoothing Moving average All of them are time series analysis quantitative foreca ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert