Business, 17.03.2020 05:03 iwannasleep

Todd Harris and Associates, a New York sales promotion agency, discovered from analysis of its files that one-fifth of its clients accounted for more than three-quarters of its fees and commissions. This is an example of what classic concept?

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Answer from: dpazmembreno

Complete/Correct Question:

Todd Harris and Associates, a New York sales promotion agency, discovered from analysis of its files that one-fifth of its clients accounted for more than three-quarters of its fees and commissions. This is an example of what classic concept?

A. the majority fallacy

B. the law of inverse proportions

C. Murphy's Law

D. service quality

E. the 80/20 rule

Explanation:

The 80/20 rule states that '80% of sales come from 20% of sales rep'. The 80/20 rule is also known as the Pareto principle was discovered by Italian ecoonomist Vilfredo Pareto. It can also be called the law of inequality,

The rule aims to help one understand how to manage sales activities as the rule also states that 80% of one's sales will come from 20% of one's customers. this understanding helps to break the rule.

Also for small businesses, The 80/20 rule is a challenge as there isn't as much customers yet and this means that every member of the sales force is needed to generate as much income as possible.

I hope this helps.

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

Answer from: Quest

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

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