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For a Company Concentrating on Final Assembly, Adding Retail and Distribution

question 10

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For a company concentrating on final assembly, adding retail and distribution into its value chain will require:


Definitions:

Uniformly Distributed

In relation to statistical distributions, it signifies a scenario where values are spread out in such a way that every value within a certain range is equally probable.

Travel Time

The duration required to move from one location to another.

Probability

A numerical expression ranging between 0 and 1 that indicates how likely an event is to take place.

Normally Distributed

A type of distribution where data is symmetrically distributed around the mean, forming a bell-shaped curve.

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