Based on the 80/20 rule, a company tries to identify and focus on the ________ of its product.

Question

Quizplus · Accepted Answer

The 80/20 rule, also known as the Pareto Principle, suggests that roughly 80% of effects come from 20% of causes. Therefore, a company should try to identify and focus on the 20% of its customers who are heavy users and responsible for 80% of its revenue. By doing so, the company can maximize its profits and customer satisfaction.

Based on the 80/20 Rule, a Company Tries to Identify