The _____ principle recognizes that a large percentage of a product's revenue stream is generated by a relatively small,loyal portion of total customers.
A)80/20
B)Pareto
C)parity
D)loyalty

Question

​The _____ principle recognizes that a large percentage of a product's revenue stream is generated by a relatively small,loyal portion of total customers.
A)​80/20
B)​Pareto
C)​parity
D)​loyalty

Quizplus · Accepted Answer

The 80/20 principle, also known as the Pareto principle, states that 80% of a company's revenue comes from 20% of its customers. This means that a small, loyal portion of customers generate most of the revenue. Understanding this principle can help businesses focus their resources on retaining and satisfying their most important customers.

​The _____ Principle Recognizes That a Large Percentage of a Product's

The _____ Principle Recognizes That a Large Percentage of a Product's