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Solve the problem.
-A firm uses trend projection and seasonal factors to simulate sales for a given time period. It assigns "0" if sales fall, "1" if sales are steady, "2" if sales rise moderately, and "3" if sales rise a lot. The simulator generates the
Following output. Estimate the probability that sales will remain steady.
Close Substitutes
Products or services that can easily replace each other in the eyes of consumers due to their similar features or functions.
Trade Barriers
are government-imposed restrictions on the exchange of goods and services across borders, including tariffs, quotas, and regulations.
Teamsters
A member of a labor union in North America primarily representing workers in the transport and freight industries.
Product Market
The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.
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