According to the "80/20 rule," it is common to find that about 80 percent of a firm's business comes from only about 20 percent of its customers.
Answer the following statement true (T) or false (F)
True
A company may be showing a profit, while 80 percent of its business comes from only 20 percent of its products-or customers. The other 80 percent may be unprofitable. But without special analyses, managers won't know it. This 80/20 relationship is fairly common-and it is often referred to as the 80/20 rule.
You might also like to view...
The transfer of rights under a nonnegotiable contract is known as a(n) ________
A) assignment B) negotiation C) indorsement D) dishonored instrument
A brand's message should be easy to remember and remind consumers about the product attributes they care about most.
Answer the following statement true (T) or false (F)
Incentives do not permanently increase labor costs because:
A. they rely on a subjective rating of performance. B. they increase the base wage. C. they are given based on the past performances of employees. D. they are one-time payments.
In _________ the phase of the carrier signal is shifted to encode data
A. PSK B. FSK C. ASK D. BFSK