The 80/20 principle,also called Praedo's law,states that 80 percent of a product's revenues come from 20 percent of its customers.

Question

Quizplus · Accepted Answer

The 80/20 principle, also known as the Pareto principle or Pareto's law, states that roughly 80% of effects come from 20% of causes. In the context of business, this can mean that 80% of a company's sales come from 20% of its customers. So the statement in the question is true.

The 80/20 Principle,also Called Praedo's Law,states That 80 Percent of a Product's