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Business, 31.07.2020 16:01 ittmanny6138

Customer-Level Planning Circle K operates a number of convenience stores worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following:Fixed costs per store $80,000.00/year Variable cost ratio0.80
Average sale per customer visit$15.00
Average customer visits per week1.75
Customers as portion of city population 0.04
Determine the city population required for a single Circle K to earn an annual profit of $40,000

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