What Does the 80/20 Principle Propose

question 130

Multiple Choice

What does the 80/20 principle propose?

• A) Roughly 80 percent of the profit comes from 20 percent of the sales.
• B) Roughly 80 percent of a firm's customers are repeat business.
• C) Roughly 50 percent of a firm's customers purchase 80 percent of the sales volume of the product.
• D) Roughly 20 percent of a firm's customers purchase 80 percent of the sales volume of the product.
• E) Sales are equally divided among heavy,medium,and light users,but they all need slightly different products.

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Definitions:

Design Strategy

An overarching plan or approach employed to create solutions for design challenges, integrating user needs with business goals.

Visual Variety

The use of different visual elements in a presentation or document to maintain audience engagement and aid in the communication of information.

Visual Representation

Graphical depiction of objects, concepts, or data, intended to communicate information easily and efficiently.

Data Infographic

A visual representation of data intended to make information easily understandable at a glance.