The 80/20 principle states that roughly 80 percent of a product's revenues come from only 20 percent of its buyers.

Name: The 80/20 principle states that roughly 80 percent of a product's revenues come from only 20 percent of its buyers.
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

Quizplus · Accepted Answer

The 80/20 principle, also known as the Pareto Principle, suggests that in many situations, approximately 80% of the effects come from 20% of the causes. In the context of business, this often translates to 80% of a company's revenues coming from 20% of its customers.

The 80/20 Principle States That Roughly 80 Percent of a Product's