A Small Number of Customers Account for a Large Percentage

question 21

Multiple Choice

A small number of customers account for a large percentage of a brand's sales and profits.This is referred to as _____.

• A)Benford's Rule
• B)Ninety-ninety rule
• C)Murphy's law
• D)Pareto's Rule

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Definitions:

Propaganda

Data, particularly when it's prejudiced or deceptive, utilized to support a political agenda or perspective.

Media Technology

Refers to the tools and platforms used for creating, distributing, and engaging with digital content and media.

Frankenstein-like Creation

A metaphor for something created by humans that becomes powerful or uncontrollable, turning problematic or dangerous to its creator.

Technology

The application of scientific knowledge for practical purposes, especially in industry.