Staffing Manager Interview Questions

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Case study: Sales increased selling price on all items by 5%. There are 10 items, all with different selling prices. Gross revenue was $500,000 before the price increase, with an average selling price of $1. After the price increase Gross revenue was $505,000, with an average selling price of $0.95. Why hasn't the price increase had the desired impact of increasing revenue and average selling price?
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Senior Staffing & Efficiency Data Analyst

Interviewed at Progressive Insurance

3.9
Apr 29, 2010

Case study: Sales increased selling price on all items by 5%. There are 10 items, all with different selling prices. Gross revenue was $500,000 before the price increase, with an average selling price of $1. After the price increase Gross revenue was $505,000, with an average selling price of $0.95. Why hasn't the price increase had the desired impact of increasing revenue and average selling price?

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