The 80/20 principle states that roughly 80 percent of a product's revenues come from only 20 percent of its buyers.

Question

Fatima Alshamsi · Accepted Answer

Final Answer : True, Explanation :  The 80/20 principle, also known as the Pareto Principle, suggests that in many situations, approximately 80% of the effects come from 20% of the causes. In the context of business, this often translates to 80% of a company's revenues coming from 20% of its customers.

The 80/20 principle states that roughly 80 percent of a product's revenues come from only 20 percent of its buyers.

Definitions

Learning Objectives

Learning Objectives

Related questions