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Normally distributed observations such as a person's weight, height or shoe size occur quite
Frequently in nature. Business people who are aware of this use it to their advantage. A purchasing
Agent for a college bookstore buying 300 golf shirts used the normal curve to decide on the order
Quantities for the various sizes. If men's average shirt size is 15.5 with a standard deviation of .50,
How many shirts should be ordered in sizes over 16.5?
Adjacent Gas Station
A term potentially referring to gas stations located near each other, often in a competitive proximity to attract more customers through convenience.
Multinational Conglomerate
A large corporation that owns a variety of companies in different industries and countries.
International Management
The practice of managing businesses operations across different countries, taking into consideration cultural, legal, and economic differences.
Personnel Synergy
The increased effectiveness that results when a group of individuals work together compared to when they work independently.
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