Which of the Following Best Illustrates the 80-20 Principle

question 70

Multiple Choice

Which of the following best illustrates the 80-20 principle?

• A)Our company's sales increased 80 percent last year,but the industry's volume went up only 20 percent.
• B)Sixty-eight percent of our customers account for only 12 percent of our sales.
• C)Company volume increased 10 percent,but sales in territory A decreased 4 percent.
• D)Eighty percent of our customers account for 80 percent of our sales;20 percent of our customers account for 20 percent of our sales.
• E)Eighty percent of our territories usually are not profitable.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that influence the behavior and interactions of members within an organization.

Business Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of a business transaction.

Overall Set

The total collection or group of items, elements, or properties being considered or discussed.

Organization

can refer to a collective group of people structured and managed to meet a need or pursue collective goals, or the act of organizing.