Glossary of Retailing Terms - Index of #s and Symbols
Learn more about the retail business by browsing this dictionary of retailing terminology. The following retail-related words on this page feature definitions of terms beginning with numerals. For detailed descriptions, view the individual glossary entry page for each term.
Glossary Index: A | B | C | D | E | F | G| H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Glossary Index: A | B | C | D | E | F | G| H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
80/20 Rule
A commonly used rule of thumb, the 80/20 Rule, implies that a small number of events (20%) is responsible for a large percentage (80%) of the results. The principle was suggested by Joseph M. Juran and named after Italian economist Vilfredo Pareto.
A commonly used rule of thumb, the 80/20 Rule, implies that a small number of events (20%) is responsible for a large percentage (80%) of the results. The principle was suggested by Joseph M. Juran and named after Italian economist Vilfredo Pareto.