According to the 80/20 Rule, Which of the Following Is

question 13

Multiple Choice

According to the 80/20 rule, which of the following is true?

• A) 80 percent of a product's customers account for 20 percent of the product's marketing expenditures.
• B) 20 percent of a product's customers account for 80 percent of the product's marketing expenditures.
• C) 80 percent of a product's sales come from 20 percent of the product's purchasers.
• D) 80 percent of a product's marketing cost should be equal to 20 percent of the firm's total marketing budget.
• E) 80 percent of a product's market should be consumers who are 20 or older.

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Definitions:

Health Plans

Insurance policies or arrangements designed to cover healthcare costs and medical expenses.

OSHA

The Occupational Safety and Health Administration (OSHA) is a federal agency in the United States responsible for ensuring safe and healthy working conditions by setting and enforcing standards.

Federal

Pertaining to the central government of a federation, as opposed to state or local levels.

Workplace

A location or environment where employees perform their job duties, ranging from offices to outdoor sites.