Question

What insights do managers gain by reporting both the list selling price and the actual selling...

What insights do managers gain by reporting both the list selling price and the actual selling price for each customer?

Homework Answers

Answer #1

The insight that manager gain by reporting both list selling price (LSP) & actual selling price (ASP) is

The difference between both is discount offered to customer, if the both will be shown to customer then their quantity purchased will be depend upon that. The insight which manager will get is how the customer are attracted with the discount offered whether they have to give more discount or the diacount given is in excess. So to reduce such discount and increase their sale without hampering the quantity sold.

By mentioning both manager can judge the mentality of customer by determining their quantity purchased.

So that way they can maintain or increase their profit without hampering their sales quantity.

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