What Does the 80-20 Rule Mean

question 19

Multiple Choice

What does the 80-20 rule mean?

• A)80% of the buying comes from 20% of the vendors.
• B)80% of sales come from 20% markdowns.
• C)80% of the customers pay with 20% of their income.
• D)80% of the sales or profits come from 20% of the customers.
• E)80% of the merchandise is sold at 20% off.

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Definitions:

Trainee Motivation

The drive or enthusiasm of trainees or learners to engage in and complete their training programs.

Whole-versus-part Learning

A learning strategy debate focusing on whether it is more effective to learn something in its entirety or in segmented parts.

Customer's Name

The designation or identification used to refer to a client or purchaser of goods and services.

Grocery Item

A product that is typically sold in a supermarket or grocery store, ranging from food to household supplies.