What is 'Rule of Thumb"? in commerce
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A rule of thumb is a guideline that provides simplified advice regarding a particular subject. It is a general principle that gives practical instructions for accomplishing or approaching a certain task.
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❍What is 'Rule of Thumb"? in commerce
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✐What is a Rule Of Thumb?
A rule of thumb is a guideline that provides simplified advice regarding a particular subject. It is a general principle that gives practical instructions for accomplishing or approaching a certain task.
Typically, rules of thumb develop as a result of practice and experience rather than from scientific research or theory.✍
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