The 80/20 Rule Is a Concept That Suggests

question 73

Multiple Choice

The 80/20 rule is a concept that suggests

• A)eighty percent of a firm's inventory should be readily available, and twenty percent should be reserved for emergency demand.
• B)eighty percent of a firm's first time users will become brand loyal and twenty percent of the firm's first time users will use the product only once.
• C)eighty percent of a firm's sales are obtained from twenty percent of its customers.
• D)eighty percent of a firm's expenditures are tax deductible and twenty percent are not.
• E)eighty percent of a firm's products will ultimately be sold at the original markup price, and twenty percent will not.

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Definitions:

Table of Contents

A list of titles, headings, or topics in a document, placed at the beginning to show its structure.

Multiple Audiences

Varieties of audience groups each potentially with distinct expectations, needs, and background knowledge, to whom communication or content may be targeted.

Background Information

Provides context and necessary details for understanding the main content or subject matter.

Extrinsic Motivator

An external reward or incentive, such as money or recognition, that motivates individuals to perform a task.