Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. what is the pareto 80-20 rule? how it used to rank

What is the Pareto 80-20 rule? How it used to rank quality problems? Why is it...

70.2K

Verified Solution

Question

General Management

What is the Pareto 80-20 rule? How it used to rank qualityproblems? Why is it used?

Answer & Explanation Solved by verified expert
4.4 Ratings (768 Votes)
Pareto principle state that the 80 of effects come from the 20 of the causes Some time organizations knows that most of their profit is not coming from all the customers that they have Rather 80 of the profit is coming from the 20 of the customers that they have    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Gardner Theater, a community playhouse, needs to determine the lowest-cost production budget for an upcoming...

Statistics
Q

Regression Make a distinction between simple linear and multiple linear regression. Can you think of examples in...

Statistics
Q

Complete the redblacktree in Java. Make every Node object have a false isBlack field, all new node...

Programming
Q

Discuss the elements of a creative plan in advertising

General Management
Q

2 examples of each 1-Direct Products and Finitely Generated Abelian Groups Direct Product 2-Homomorphisms

Advance Math
Q

Record the following transactions for the month of January of a small finishing retailer, balance off...

Accounting
Q

C B3 90 34 3 56 2 A 5 4 3 2 1 D E...

Geometry
Q

The following table gives the value of an investment after intervals ranging from 0 to...

Statistics
Q

Required information [The following information applies to the questions displayed below.) Elegant Decor Company's management...

Accounting
Q

c. At an annual interest rate of 3.5 percent, how long will it take for...

Accounting
Q

= =

Accounting
Q

Question 1 (10 points): The Mega Millions Lottery Jackpot this week is currently S127,000,000. According...

Accounting