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Differentiate Between the Network Analysis Approaches CPM and PERT

question 54

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Differentiate between the network analysis approaches CPM and PERT.


Definitions:

Pay-per-view

A type of television or online streaming service where the viewer pays to watch a particular event or program, typically used for special events or premium content.

Marginal Cost

The outgoings involved in creating one more unit of a product or service.

Price Discrimination

Involves selling the same product to different customers at different prices based on what each is willing to pay, rather than differences in production cost.

Price Discrimination

The practice of charging different prices for the same product or service to different consumers, based on what each is willing to pay.

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