Examlex
The life span of a certain plant species (in days) is described by the probability density function
If a plant of this species is selected at random, how long can the plant be expected to live?
__________ days
Baby Boomers
The demographic group born approximately between the years 1946 and 1964, known for its significant impact on economics, politics, and culture.
Immediate Marketing Environment
This refers to the factors directly influencing a company's capability to serve its customers, including suppliers, intermediaries, customers, competition, and the public.
Macroenvironment
The external and uncontrollable factors that influence an organization's decision-making, and affect its performance and strategies, such as economic, demographic, political/legal, social/cultural, technological, and environmental forces.
Fewer Components
A streamlined approach to product design or manufacturing that minimizes the number of parts used.
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