Question: The 8 0 2 0 principle means that: when 8 0 % of a firm's consumers are satisfied, profits will increase by 2 0 %

The 8020 principle means that:
when 80% of a firm's consumers are satisfied, profits will increase by 20%.
none of these.
80-year-old consumers have significantly more resources than 20-year-old consumers and thus constitute a more attractive target market.
roughly 80% of a firm's profit comes from 20% of its sales.
approximately 20% of a firm's consumers generate 80% of sales.
 The 8020 principle means that: when 80% of a firm's consumers

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!