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Explain Pareto's Rule as a Marketing Rule of Thumb

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Explain Pareto's Rule as a marketing rule of thumb.


Definitions:

Employers

Entities that hire individuals to perform various jobs in exchange for salary or wages.

Employees

Individuals who are hired by a company to perform tasks in exchange for compensation, under the direction and control of the employer.

COBRA

A federal law in the United States that allows for the temporary continuation of health coverage at group rates for employees and their families under certain circumstances such as job loss.

Medical Benefits

Refers to health care items or services covered under a health insurance plan, including doctor visits, hospital stays, medications, and procedures.

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