Best Answer

When we need to take business decision such as determining in what products we want to invest or who are the customers we want to protect from decline or any other decision based on analyzing performance of several products/investments the pareto principle is key in helping us.

In short - pareto rinciple says that 20% of the resources are generating 80% of the output. In business, Pareto principle claims that 20% of the products are generating 80% of the revenue or 20% of the customers are representing 80% of sales. From my experience , usually it is not 20-80 but for sure the principle that few things are responsible of a big part of the picture is true.

Q: What is the 20 20 20 rule?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

Chapter 3

The rule is Un = 0.5n2 + 0.5n + 5

A number is divisible by 20 if and only if it is an integer, its units digit is 0, and its tens digit is even.

Each number is 0.2 times the previous number.

20-2n when n = 7. just take 20-2(7) replace n with 7. then use the PEMDAS rule. 2(7) = 14, then 20-14 = 6

Related questions

20-10 rule = 10

We Rule was created on 2010-03-20.

Chapter 3

We Rule the Night was created on -20-02-01.

80% emotion and 20% game

You get 80% of your business from 20% of your customers

the guru rule almost 20 century in the greek

The rule is Un = 0.5n2 + 0.5n + 5

80-20 % rule is also known as the Pareto Principle. To make it more easier to understand, this means that 80% of effects is highly come from 20% of causes.

Chapter 3

The 20/20/20 rule. Every 20 minutes, look into the distance of 20 feet for 20 seconds.

The number must end in 00, 20, 40, 60 or 80.