The bulk of many markets revolve around a small number of products, but the total market is much larger.

Name: The bulk of many markets revolve around a small number of products, but the total market is much larger.
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Question

Quizplus · Accepted Answer

This statement reflects the Pareto principle, where a small number of products often account for a large portion of sales, but the market includes many other products contributing to its total size.

The Bulk of Many Markets Revolve Around a Small Number