Approaches used to rank products for revenue allocation might include:
A)surveying customers on the importance of each product
B)using recent data on stand-alone sales performance
C)having managers use their knowledge and intuition
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

The best approach to use would be a combination of all three options. Surveying customers on the importance of each product can provide insight into how customers value each product, using recent data on stand-alone sales performance can provide a clear picture of each product's revenue contribution, and having managers use their knowledge and intuition can provide additional context to weight the importance of each product. Using all available information will lead to a more informed and accurate ranking of products for revenue allocation.

Approaches Used to Rank Products for Revenue Allocation Might Include