With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on

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Business

Aspen Leach

9 August, 02:49

With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on

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Ayaan Randolph · Answer 1

This principle is based on the idea of Vilfredo Pareto, an Italian economist that stated 80% of the results are concentrated in 20% of the activities executed. In Business, this idea is extrapolated as 80% of results come from 20% of the clients.