Assume you own your own coffee shop. What rule states that 80% of your sales will come from 20% of your customers?
A) 20/80
B) seniority rule
C) 80/20 rule
D) priority rule

Question

Quizplus · Accepted Answer

The 80/20 rule, also known as the Pareto principle, states that roughly 80% of effects come from 20% of causes. In business, it is often observed that 80% of sales come from 20% of customers. As a coffee shop owner, understanding this rule can allow you to focus your marketing efforts on the most valuable customers, potentially increasing sales and profitability.

Assume You Own Your Own Coffee Shop