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Mademuasel [1]
3 years ago
9

Todd Harris and Associates, a New York sales promotion agency, discovered from an analysis of its files that one-quarter (or 25

percent) of its clients generated more than three-quarters (or 75 percent) of its fees and commissions. This is an example of what classic concept? Multiple Choice the 75/25 exchange the law of usage Paget's Law the two quarter gap the 80/20 rule
Business
1 answer:
Dafna11 [192]3 years ago
7 0

Answer:

The answer is: the 80/20 rule

Explanation:

Applied in business, the 80/20 rule (also called the Pareto Principle), states that 20% of your customers account for 80% of your sales. It doesn´t necessarily need to be an exact proportion of 80/20, but as a rule it should help organize our time and activities in dealing with our most important customers.

As a general rule it applies to most activities of a person´s ordinary life, were 20% of the time we spend result in 80% of the benefits.

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A manufacturer of microwaves has discovered that female shoppers have little value for microwaves and attribute almost no extra
irga5000 [103]

Answer:

For simplicity, assume there is only 1 man and 1 woman and that if the price of a microwave is equal to an individual's willingness to pay, the individual will purchase the microwave.

  • If the number of male and female buyers is the same, then the best pricing strategy is to offer 2 different microwaves (option 3). One simple and cheap microwave for women and one with auto-defrost for men.

Strategy                     Revenue           Revenue             Total Revenue

                                  from men          from women        from strategy

1. Auto-Defrost             $82                      $82                   $164

Microwave only

at $82

2. Auto-Defrost           $148                     $0                     $148

Microwave  only

at $148

3. Simple                      $131                    $66                    $197

Microwave at $66,

Auto-Defrost

Microwave at $131

Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of men. For simplicity, you can assume this means that there are two men, and no women. Under these conditions, pricing strategy <u>2. Auto-Defrost Microwave  only at $148</u> would maximize revenue for the manufacturer.

7 0
3 years ago
Tanner has invested $500 for college. what rate of return must tanner earn for his investment to double in six years
elixir [45]
This is answered using the Rule of 72. This is the easiest way to know how long an investment will take to double, given a fixed annual rate of interest
The rule of 72 is the period to double multiplied by the interest rate equal 72.

So to do this: Just divide 72 and 6. 72/6 = 12% would be the rate of return
6 0
3 years ago
A firm attempting to reduce the size of its workforce may use several approaches. The approach most likely to be saved as a last
MakcuM [25]

The approach most likely to be saved as a last resort for a firm aiming to reduce its workforce is Firing.

<h3>What is Firing?</h3>
  • Firing implies that a representative's occupation is ended because of reasons, for example, unfortunate work execution or exploitative way of behaving like taking organization hardware.
  • In any case, a business can terminate laborers with no legitimate explanation assuming they're freely representatives.

<h3>How to legally fire?</h3>
  • Refrain from escalating a sensitive situation. Do not abruptly break the news, use profanities, or reprimand the employee in front of other workers.
  • Follow the laid-out discipline strategy. On the off chance that the handbook says to give a verbal admonition, a composed admonition, and a trial period, then, at that point, do each step.
  • The handbook additionally ought to give you the option to end laborers quickly who take part in serious wrongdoing.
  • However, prior to skirting moderate discipline, make certain of the realities. Hearing bits of gossip about bad behavior from others is sufficiently not. Lead an intensive examination, then ask the worker for his side.

Hence, Firing is most likely to be used as a last resort by a company looking to decrease its personnel.

To learn more about Firing refer to:

brainly.com/question/2211502

#SPJ4

5 0
2 years ago
Have any of you guys ever heard of rock paper scissors but somebody picks a trampoline and the other person picks a window? Gues
BigorU [14]
On myyyyyy whatttttanjsjwwj
7 0
3 years ago
Read 2 more answers
Select the correct answer
Luda [366]

Answer:

option. C. $50

Explanation:

Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.

7 0
3 years ago
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