The ABC Analysis Is Based on Pareto's Law

question 28

True/False

The ABC analysis is based on Pareto's Law.

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Definitions:

Salesperson

An individual who sells products or services, often directly to customers, playing a key role in business revenue generation and customer interaction.

Denial

A defense mechanism where an individual refuses to accept reality or facts, often to avoid discomfort.

Readiness to Buy

The stage at which a potential customer is prepared or inclined to make a purchase, influenced by various factors including awareness, interest, and financial capability.

Closing Stage

The closing stage is the final phase of the sales process where the salesperson secures agreement from the customer to proceed with the purchase.