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Applying 80/20 Portfolio Segmentation

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Your question is Applying 80/20 Portfolio Segmentation. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

Describe your familiarity with the 80/20 business principle and how you would apply it to segment a product portfolio.