If a firm spent $5,000 in advertising to obtain 50 new customers,its acquisition cost would be $100 per customer.

Name: If a firm spent $5,000 in advertising to obtain 50 new customers,its acquisition cost would be $100 per customer.
Brand: Quizplus
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Acquisition cost is the expense required to acquire a new customer.If a firm spent $5,000 in advertising to attract 50 new customers,the acquisition cost would be $100 per customer ($5,000/50 = $100).

If a Firm Spent $5,000 in Advertising to Obtain 50