Examlex
A normative community is an actual or imaginary individual or group conceived of having significant relevance upon an individual's evaluations,aspirations,or behavior.
Primary Data
Data that is collected firsthand for a specific research purpose, through methods like surveys or experiments.
External Data
Information sourced from outside the organization, used for analysis, benchmarking, or decision-making processes.
Mass Customization
A production technique that allows for personalization or tailoring of products to individual customers' preferences while maintaining the efficiency of mass production.
80/20 Principle
Also known as the Pareto Principle, it suggests that 80% of effects come from 20% of causes, commonly applied in business and productivity analysis.
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