MANAGEMENT

BUISENESS MANAGEMENT

INVENTORY MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Classification by sales volume is one of the oldest methods used to establish selective policies or strategies. Based on the operation above, what it is often called?

A	Barelo Law
B	Parelo Law
C	Pareto Law
D	Potato Law

Explanation:

Detailed explanation-1: -In marketing, the Pareto principle says that 80 percent of your sales are represented by 20 percent of your customers. If companies break free from this, they will increase profits.

Detailed explanation-2: -Summary. The Pareto principle (also known as the 80/20 rule) is a phenomenon that states that roughly 80% of outcomes come from 20% of causes.

Detailed explanation-3: -The Pareto principle (also known as the 80/20 rule or the law of the vital few) states that in many cases, roughly 80% of the effects of action comes from 20% of the causes.

Detailed explanation-4: -The 80/20 Rule (also known as the Pareto principle or the law of the vital few & trivial many) states that, for many events, roughly 80% of the effects come from 20% of the causes.

There is 1 question to complete.