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

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General Management

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

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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
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