Examlex
A disadvantage to being a first mover is that a company moves down the experience curve and loses the benefits from its experiences.
Event
An occurrence or outcome in a statistical experiment or study that can be distinctly identified.
Probability
A measure of the likelihood that an event will occur, often quantified as a number between 0 and 1.
Relative Frequency
The ratio of the number of times a value occurs compared to the total number of observations.
New Supermarket
A recently established retail store that specializes in selling a wide range of foods and household products.
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