How Long to Read Top Market Strategy

How Long Does it Take to Read Top Market Strategy?

It takes the average reader 1 hour and 54 minutes to read Top Market Strategy by Elizabeth Rush Kruger

Assuming a reading speed of 250 words per minute. Learn more

Description

Virtually every business seeks to increase its profit from customers, but few business executives realize that a universal principle governs their customer profitability. They may be applying the 80/20 rule to sales, quality control, investing, production, or other business functions without realizing that the 80:20 ratio actually summarizes the Pareto distribution of inputs to outputs. According to his equilibrium theory of relationships, stability is reached when inputs in the top 20% generate 80% of the outputs while inputs in the bottom 80% generate 20% of the outputs. Recently mathematicians confirmed that the Pareto distribution is as universal as the normal "bell-shaped" distribution, but is log linear and predicts results, rather than probabilities. Applying this universal principle to customer profitability, a typical business can predict that customers in the top 20% generate 80% of customer profitability (four times more profit than expected), whereas customers in the bottom 80% generate only 20% (one-fourth as much as expected). This means the 20% most profitable customers tend to be 16 times more profitable than the 80% least profitable customers. In order to capitalize on the Pareto principle, a business should 1. segment its customers by their profitability, 2. distinguish the top 20% of its customers in top market segment from the bottom 80% of the customers in the bottom market segment, and 3. target the top market segment with its marketing strategies. The purpose of this book is to show business students and executives how to implement this process and thereby achieve the predicted results.

How long is Top Market Strategy?

Top Market Strategy by Elizabeth Rush Kruger is 113 pages long, and a total of 28,589 words.

This makes it 38% the length of the average book. It also has 35% more words than the average book.

How Long Does it Take to Read Top Market Strategy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 36 minutes to read Top Market Strategy aloud.

What Reading Level is Top Market Strategy?

Top Market Strategy is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Top Market Strategy?

Top Market Strategy by Elizabeth Rush Kruger is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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