What is the 80/20 Rule, and why is it important in controlling inventory?

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Effective small business management An Entrepreneurial Approach

ISBN: 978-0132157469

10th Edition

Authors: Norman M. Scarborough

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Question Posted: Oct 12, 2012 02:47 AM

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What is the 80/20 Rule, and why is it important in controlling inventory?

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Paretos law or the 8020 rule holds that about 80 percent of the value of the firms sales rev...View the full answer

Effective small business management An Entrepreneurial Approach

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