What Is the 80/20 Rule,and How Does That Apply to Key

question 34

Essay

What is the 80/20 rule,and how does that apply to key accounts?

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Definitions:

Contracts

Agreements that create legally enforceable obligations between parties, typically involving the exchange of goods, services, money, or promises.

Offeree

The person to whom an offer is made, especially in the context of contracts.

Offer Made

In contract law, a proposal by one party to another intended to create a legally binding agreement upon acceptance.

Contract Law

A body of law that governs the creation and enforcement of agreements between parties.