Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An international company found that 7% of its clients generated 40% of sales and most of its profits. The remaining were clients below the break-even

An international company found that 7% of its clients generated 40% of sales and most of its profits. The remaining were clients below the break-even point. The company decided to cease relationships with clients who would not generate acceptable revenue to the company. Was it a wise decision? Why? Suggest criteria to screen new clients

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Controlling and Improving Quality

Authors: Douglas C. Montgomery, Cheryl L. Jennings, Michele E. Pfund

1st edition

ISBN: 471697915, 978-0471697916

More Books

Students also viewed these Marketing questions

Question

Identify the activities associated with each phase.

Answered: 1 week ago

Question

To solve p + 3q = 5z + tan( y - 3x)

Answered: 1 week ago