The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the
A)Irwin phenomenon.
B)Pareto phenomenon.
C)Stevenson phenomenon.
D)Tellier phenomenon.
E)Adam Smith phenomenon.

Question

Quizplus · Accepted Answer

The Pareto phenomenon, also known as the Pareto Principle or the 80/20 rule, suggests that roughly 80% of effects come from 20% of causes. This principle is applied in various contexts, including business operations, where it implies that a few key improvements can significantly impact overall performance.

The Fact That a Few Improvements in a Few Key