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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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u get free stuff out of it

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The striking dock workers on the west coast refused to unload the ships carrying merchandise for retail stores. These stores suf
son4ous [18]

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indirect loss, cannot be

Explanation:

Indirect losses refers to a type of loss that incurred outside of circumstances that usually occur in normal operation. (such as loss because the government created a certain type of law or loss because people are conducting strikes on other areas of our business)

Insurance companies can't cover Indirect losses because these costs tend to be really unpredictable and extremely hard to be measured .  They will specify that they wouldn't cover these types of loss during the initial cotnract.

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When a local walmart is open 7 days a​ week, 24 hours a​ day, which form of utility is it providing to​ customers?
Vladimir [108]
Answer: TIME UTILITY

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6 0
3 years ago
What is the process of converting the currency of one country into the currency of another country?
Arada [10]

Answer:

Foreign exchange

Explanation:

The process of converting the currency of one country to another is known as foreign exchange or Forex. Converting or exchanging to a particular currency is buying that currency. One needs to have their home currency or any other currency to convert it to the desired currency.

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5 0
2 years ago
Select the statement that is true regarding pricing and competitors’ prices. a. Information about competitors’ prices is easily
vampirchik [111]

Answer: Marketers need demand-based price information in industries dominated by price competition.

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A competitive market is one which is controlled by the forces of demand and supply.

7 0
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