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Key Terms Instructions: Please Define the Following Key Terms

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Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
universalism

Understand cumulative frequency distributions and their characteristics.
Determine the relationship between the sum of frequencies and the data set size.
Recognize and compute cumulative and relative frequency distributions.
Calculate the relative frequency of a class.

Definitions:

Differentiation

Differentiation refers to the process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.

Goal Incompatibility

A situation where the objectives of different individuals or groups are in conflict, leading to potential disputes or disagreements.

Third-Party Intervention

The involvement of an external entity in resolving disputes or facilitating negotiations between parties.

Arbitrator

A neutral third party who is appointed to make a decision in a dispute, typically binding, between two or more parties.

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