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A common distribution for modeling product lifetimes is the normal distribution
Sole Proprietorships
Business entities owned and operated by a single individual, with no legal distinction between the owner and the business.
Financing
The process of providing funds for business activities, making purchases, or investing.
Opportunity Cost
The opportunity cost is the value of the best alternative forgone when a decision is made to take a specific action, representing the trade-offs inherent in every decision.
Regions
Geographical areas defined by specific characteristics, boundaries, or features that set them apart from other areas.
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