Examlex
A user has created a password that meets all the criteria for a strong password. What is a potential drawback of such a password?
Economies Of Scale
The cost advantage achieved by businesses when production becomes efficient, leading to a lower cost per unit as output increases.
Virtual Companies
Companies that rely on a variety of supplier relationships to provide services on demand. Also known as hollow corporations or network companies.
Few Suppliers
Refers to a market situation where only a limited number of vendors provide a certain product or service, potentially leading to less competition and higher prices.
JIT Systems
Inventory management systems that seek to minimize inventory levels by scheduling material arrivals only when they are needed in the manufacturing process.
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Q71: What is experimentation? Explain its importance.