The 20-80 Rule Reflects the Idea That ________

question 78

Multiple Choice

The 20-80 rule reflects the idea that ________.

• A)20% of the company's profits are generated by the top 80% of customers
• B)the top 20% of customers are highly satisfied and 80% of customers will recommend the company to a friend
• C)20% of customers are unprofitable,and 80% make up a company's profits
• D)the top 20% of customers often generate 80% of the company's profits
• E)any new product will be accepted by 20% of the customers immediately,but 80% of the customers will be up for grabs throughout the product's life cycle

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Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Latitude

A geographic coordinate that specifies the north-south position of a point on the Earth's surface.

Regression Analysis

A technique for determining the relationship intensity between variables, primarily used to predict values of a dependent variable based on values of independent variables.

Coefficient

A numeral or fixed quantity that comes before a variable in an algebraic formula, acting as its multiplier.