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As the use of the Internet grows around the world, understanding between countries must be reached so that there can be as easy an exchange of ideas and information as possible. One important issue is opt-in versus opt-out. All European websites have opt-in policies, and U.S. websites have opt-out policies. Opt-in means customers must ask to be involved in data collection and marketing while opt-out companies
Automatically include customers in data collection unless the customer specifically asks not to be included. Europeans and European businesses believe it is unethical to invade someone's privacy. American businesses do it all the time because Americans are not nearly as protective of their right to privacy. What ethical factor is illustrated by this example?
Forecasting Time Horizon
The future time period for which a forecast is prepared, which can be short-term, medium-term, or long-term, based on the nature of the decisions to be made.
Life Cycle
The series of stages a product, system, or project goes through from initial conception to its end or disposal.
Individual Products
Items that are distinct and identifiable, typically possessing unique features that differentiate them from other products.
Product Families
Groups of related products that share common components, manufacturing processes, or market segments.
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