Which of the Following Describes the 80/20 Principle

question 81

Multiple Choice

Which of the following describes the 80/20 principle?

• A) Market segmentation succeeds about 80 percent of the time and fails 20 percent.
• B) Roughly 80 percent of total product sales come from 20 percent of customers.
• C) Roughly 80 percent of the market segment is tapped and 20 percent has not yet been reached.
• D) Roughly 80 percent of the market can be segmented and 20 percent cannot.

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Definitions:

Voluntary National Bar

An opt-in organization for legal professionals in a country, offering membership benefits such as resources, networking, and advocacy.

Bar Association

An organization of lawyers established to promote professional standards, ethics, and interests of the legal profession.

ABA

The American Bar Association, a professional organization that provides accreditation, continuing legal education, and other resources for lawyers and legal professionals in the United States.

State Bar Examination

A comprehensive test that law graduates must pass to practice law in a specified state.