Question: In the marketing context, what does 8 0 : 2 0 mean? a . 8 0 % of a marketplace is segmented, while 2 0

In the marketing context, what does 80:20 mean?
a.80% of a marketplace is segmented, while 20% is untapped.
b.80% of a company's sales come from 20% of its customers.
c.80% of niche marketers give primary importance to the price of a product, while 20% give importance to their customers.
d.80% of a company's customers give 20% importance to the product design.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!