Give an Appropriate Response

question 153

Essay

Give an appropriate response.
-Due to poor sales, a company eliminated a number of jobs. Twenty-five percent of the 300
men in full-time positions lost their jobs, while 20% of the 300 women in full-time
positions lost their jobs. 80% of the 150 men in part-time positions lost their jobs, and 75%
of the 600 women in part-time positions lost their jobs. Explain the apparent inconsistency
in these results.

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Definitions:

Differential Pricing

A pricing strategy where a company charges different prices for the same product or service to different customers or in different markets, based on factors like demand, cost, and customer value perception.

Marketing Mix

The set of actions, or tactics, that a company uses to promote its brand or product in the market, often described as the four Ps: Product, Price, Place, and Promotion.

Forecasting Function

A method or model used for predicting future data points or trends based on historical data.

Revenue Management Systems

Revenue management systems are sophisticated platforms that allow businesses to strategically control pricing and inventory to maximize revenue.