International Business Consultant Question: Download International Business Consultant PDF
Tell me what is Pareto Analysis?
Answer:
It is a decision making technique, also known as 80/20 rule. It is used for quality control and defect resolution. It explains few factors that can be responsible for big problems. It is named as 80/20 rule, because as per this rule, 80 % effects in the system, arises from 20 % causes.
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