The 80/20 Rule Suggests That

question 40

Multiple Choice

The 80/20 rule suggests that

• A)80 percent of a firm's inventory should be readily available while 20 percent should be reserved for emergency demand.
• B)80 percent of a firm's first-time users will become brand loyal while 20 percent will use the product only once and then abandon it.
• C)80 percent of a firm's sales are obtained from 20 percent of its customers.
• D)80 percent of a firm's marketing program expenses are tax deductible while 20 percent are not.
• E)80 percent of a firm's products will be sold to ultimate consumers while 20 percent to organizational buyers.

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Definitions:

Second Method

Implies an alternative technique or approach used to achieve a result or conduct an analysis, distinct from the first or primary method.

Study Inception

Refers to the beginning or initiation phase of a research study when the concept is developed and the design is planned.

Course of the Research

The progression or sequence of steps and processes undertaken during a research project, from its inception through to completion and dissemination of results.

Evaluating a Study

The process of critically appraising a research study to assess its validity, reliability, and relevance.