Organizations, such as real estate firms, computer manufacturers, and hardware wholesalers can use the 80-20 principle:
A) to underscore their motivational efforts.
B) to highlight misplaced marketing effort.
C) as a communication device.
D) to encourage departmental coordination.
E) as a way to determine what tasks should be delegated.

Question

Quizplus · Accepted Answer

The 80-20 principle, also known as the Pareto Principle, suggests that 80% of results come from 20% of efforts. Organizations can use this principle to identify and focus on the most effective marketing efforts, thereby highlighting and correcting any misplaced marketing strategies.

Organizations, Such as Real Estate Firms, Computer Manufacturers, and Hardware