Which of the Following Statements Illustrates the 80/20 Rule

question 47

Multiple Choice

Which of the following statements illustrates the 80/20 rule?

• A) "80 percent of our target market doesn't respond to our marketing mix, and we only have a 20 percent market share."
• B) "Of the hundred retailers who carry our products, the top twenty account for nearly 80 percent of our total business."
• C) "20 percent of our marketing effort is wasted, but we don't know which 20 percent."
• D) "We don't know whether our profits are 20 percent higher than we deserve, or only 80 percent of what might be easily obtained."
• E) None of these is correct.

Demonstrate knowledge of the effects of marital satisfaction on children's well-being.

Evaluate the influence of religion, education, and social class on marriage and divorce.

Describe the role of reproductive technologies in modern families.

Recognize the role of gender and sexual orientation in family satisfaction and structure.

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Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting practices, frameworks, and guidelines designed specifically for private companies in Canada.

Merchandise Return

Merchandise Return is the process by which a customer returns previously purchased goods back to the seller, typically due to issues like defects or dissatisfaction.

Discount Period

The timeframe in which a buyer can take advantage of a discount for early payment on money owed.

Cost of Goods Purchased

The total expense incurred in buying goods for sale, including any additional costs necessary to get them into a saleable state.