The 80/20 Principle States That

question 149

Multiple Choice

The 80/20 principle states that:

• A)market segmentation succeeds 80 percent of the time and fails the remaining 20 percent of the time.
• B)roughly 80 percent of total product sales come from 20 percent of customers.
• C)nearly 80 percent of the market segment is generally tapped within first 10 years of the introduction of the product, and 20 percent remains unreached.
• D)80 percent of the market can be segmented, and 20 percent cannot.

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Definitions:

Oceanic Crust

The outermost layer of Earth's lithosphere that lies beneath the oceans, composed mainly of basalt rock formed from volcanic processes at mid-ocean ridges.

Mantle

The most voluminous layer of Earth; located below the crust and above the core.

Thickest Crust

Refers to the part of the Earth's crust that has the greatest thickness, typically found in continents, especially under mountain ranges.

Topographic Profile

A cross-sectional view across a part of Earth’s surface, showing variations in elevation or depth.