I could see it being considered both. I've also heard it applied to congress critters and senators. For every person that contacts them, they equate it to equaling a certain percentage of the people they represent. I've heard the weight of a phone call vs hand written letter vs email are different, but that was some time ago. It makes sense that when a small number/percentage of the people make contact out of a group in the thousands that some sort of statistical method would be used. These representatives should pay more attention the people as that is who puts them in their job. It doesn't really apply to corporations as they will just replace the squeaky wheels even if it's not the best thing to do morally/socially. They only care about this quarter's earnings. It's the rare company that will fix the squeak rather than replacing it, and they should be highlighted when it happens.
I've heard this before. I'm not sure if it's a statistic or just a saying. What's the standard formulation?