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Define the key terms used in sampling (representative sample, generalize, element, statistic, parameter, and so forth).
Employees
Individuals who work for a company or organization and are paid for their labor and expertise.
Horizontal Merger
A merger between two or more companies operating in the same industry at the same stage of production.
Vertical Merger
A business consolidation that occurs between companies that operate within the same supply chain, typically involving a manufacturer merging with a supplier or a distributor.
Conglomerate Company
A conglomerate company is a large corporation composed of diverse companies operating in various industries or sectors, typically under one corporate group.
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