The 80/20 Rule Suggests That Business Owners

Multiple Choice

The 80/20 rule suggests that business owners:

A) try to exercise control 80% of the time over 20% of their inventory.
B) identify those inventory items that represent the greatest value to the business and focus inventory control efforts on them.
C) focus on the 80% of their inventory that only produces 20% of their results in order to improve performance.
D) try to earn 20% more out of the 80% of their inventory that isn't producing.