What Is the 80/20 Phenomenon

question 35

Multiple Choice

What is the 80/20 phenomenon?

• A)This is the notion that about 80 percent of social movements are individually motivated and 20 percent of social movements are institutionally motivated.
• B)This is the distribution of multiracial participants 20 percent)in the Hawaii working-class sugar movement to white participants 80 percent).
• C)This is the idea that within the color-blind ideological framework,about 80 percent of social policies are supposed to be color-blind,whereas about 20 percent are supposed to be race-conscious.
• D)This is the idea that roughly 80 percent of social change is brought about by 20 percent of the population.

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Definitions:

Market Development

Strategies aimed at increasing the market size for a product or service through new market segments or new geographies.

Market Penetration

A measure of the extent to which a product or service is recognized and purchased by customers within a particular market.

Market Penetration

A growth strategy where a company focuses on selling existing products within existing markets to gain a higher market share.

Product Development

The process of creating, designing, and rolling out new products or improving existing ones to meet customer needs.