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Michelle runs a shop on Etsy. One month, she spends $2,800 to promote her shop on Etsy and other social media sites. In that month, she gains 50 new customers. What is her customer acquisition cost for that month?

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ayokenny2001

Michelle's customer acquisition cost for the month is $56.

What is acquisition cost?

An acquisition cost is the total cost that a company recognizes on its books for property or equipment after taken into consideration shipping, sales taxes, and customs fees.

Acquisition cost is computed as :

= Amount spent / New customers gained

= $2,800 / 50

= $56

Hence, Michelle's customer acquisition cost for the month is $56.

Learn more about acquisition cost here : https://brainly.com/question/13888180

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