The 80/20 Rules States That the Top 20% of Customers

question 26

True/False

The 80/20 rules states that the top 20% of customers generate 80% of revenues.

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Definitions:

Induction

The process of reasoning or argument that moves from specific instances to a general conclusion.

Power Assertion

A discipline strategy that involves the use of authority or power by a parent or guardian, such as physical punishment or the removal of privileges, to control or correct a child's behavior.

Permissiveness

An educational or parenting style characterized by low demands with high responsiveness, where children are allowed considerable freedom.

Self-Regulation

The ability to manage one's thoughts, emotions, and actions in pursuit of long-term goals, critical in personal development and psychological wellbeing.