Todd Harris and Associates, a New York sales promotion agency, discovered from analysis of its files that one-fifth of its clients accounted for more than three-quarters of its fees and commissions. This is an example of what classic concept?
A)the law of inverse proportions
B)the law of eminent domain
C)the survival of the fittest
D)the 80/20 rule

Question

Quizplus · Accepted Answer

This is the 80/20 rule, also known as the Pareto principle, which states that 80% of results come from 20% of causes. In this case, it means that 80% of Todd Harris and Associates' fees and commissions come from only 20% of its clients.

Todd Harris and Associates, a New York Sales Promotion Agency