The 80-20 Rule States That

question 1

Multiple Choice

The 80-20 rule states that

• A)around 80 percent of a company's sales comes from 20 percent of the customers.
• B)only 80 percent of a market can be segmented.
• C)market segmentation works well only 80 percent of the time, unlike market assimilation which works 20 percent of the time.
• D)only about 80 percent of the people remember the company's positioning of a product while the remaining 20 percent create their own positioning for a particular product.
• E)about 80 percent of corporations do not understand the actual meaning of the term "market segmentation."

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Definitions:

Confidentiality

The obligation to protect sensitive information from unauthorized access or disclosure, ensuring privacy and security.

Competence

The ability or skill of an individual or organization to effectively perform or carry out a particular task or role.

Basic Information System

A foundational structure that collects, stores, manages, and distributes information for the purpose of improving decision-making and coordination.

External Users

Individuals or entities outside of an organization who are interested in its financial information, such as investors, creditors, and analysts.