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-Sir Walter Scott
Product Life Cycle
The stages a product goes through from conception through development, maturity, and decline.
Intrafunctional Scope
Refers to activities and operations within a single function or department of an organization, focusing on its internal capabilities and efficiency.
Outsourcing
The practice of hiring external firms to handle work normally performed within a company, often to cut costs or focus on core business competencies.
Uncertainty
The lack of certainty or predictability about the outcome of an event, often requiring risk management strategies.
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