The "80/20 Rule" Describes the Relationship That 80 Percent of an Organization's

question 123

True/False

The "80/20 rule" describes the relationship that 80 percent of an organization's business often comes from only 20 percent of its products or customers.

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Definitions:

Neoliberal Globalization

An economic and political ideology focused on free-market policies, deregulation, and increasing the role of the private sector in global affairs.

Neoliberalist

An advocate of neoliberalism, a policy model of social studies emphasizing free-market capitalism, deregulation, and reduction in government spending.

Social Cohesion

The bonds and relationships that bind members of a community or society together, promoting a sense of belonging and mutual support.

Economic Development

The process of improving economic health and quality of life through a variety of means, including jobs creation, infrastructure improvements, and education, leading to increased national and individual wealth.