According to the Pareto Principle, Which of the Following Is

question 57

Multiple Choice

According to the Pareto Principle, which of the following is true?

• A) 60% of a company's customers generate 80% of the company's profits.
• B) 20% of a company's customers generate 60% of the company's profits.
• C) 80% of a company's customers generate 10% of the company's profits.
• D) 20% of a company's customers generate 80% of the company's profits.
• E) 60% of a company's customers are unprofitable.

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Definitions:

Factory Defect

A flaw or imperfection in a product that originates from the manufacturing process, often leading to a product recall or warranty claim.

Gearshift Stuck

A mechanical problem where the gearshift of a vehicle is unable to move or change gears properly.

Debt Collector

An individual or company that specializes in recovering unpaid debts on behalf of the creditor.

Consumer Credit Laws

Consumer credit laws are regulations implemented to protect borrowers of credit, ensuring fairness and transparency in lending practices.