Harris and Associates,a New York sales promotion agency,discovered from an analysis of its files that one-quarter (or 25 percent)of its clients generated more than three-quarters (or 75 percent)of its fees and commissions.This is an example of what classic concept?

Question

Quizplus · Accepted Answer

The statement describes the 80/20 rule, also known as the Pareto principle, which states that roughly 80% of effects come from 20% of causes. In this case, 75% of fees and commissions are generated by 25% of clients, which falls within the 80/20 rule.

Harris and Associates,a New York Sales Promotion Agency,discovered from an Analysis