2006-07-13 03:32:14 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
It is derived from the theories conceived by the Italian economist Vilfredo Pareto. Called Pareto's law, it is a probability distribution found in a large number of real-world situations.
Pareto originally used this distribution to describe the allocation of wealth among individuals since it seemed to show rather well the way that a larger portion of the wealth of any society is owned by a smaller percentage of the people in that society. This idea is sometimes expressed more simply as the Pareto principle or the "80-20 rule" which says that 20% of the population owns 80% of the wealth.
2006-07-13 07:03:31 · answer #1 · answered by Robert L 1 · 1⤊ 0⤋
Lots of applications to the 80:20 rule, but the one I've heard used most often:
80% of your revenues comes from 20% of your customers.
2006-07-13 03:46:01 · answer #2 · answered by gary b 1 · 0⤊ 0⤋
The prior answer is correct 80 percent of your business is generated by 20% of your clients. If you want to increase your business you should focus on the 20%.
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2006-07-13 05:20:01 · answer #3 · answered by Jacque w 3 · 0⤊ 0⤋
80 for me 20 for u thats it rule it upp
2006-07-13 03:35:29 · answer #4 · answered by royalsports2005 1 · 0⤊ 0⤋