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A Model Is a Representation of an Actual System

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A model is a representation of an actual system.

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Definitions:

Business Analysis

The practice of identifying business needs and determining solutions to business problems, often involving the evaluation of business structure, processes, and operations.

Product Development

The process of creating, designing, and bringing a new product to the market.

Prototype

A mock-up of a good, often created individually with the materials the firm expects to use in the final product.

Mock-Up

A full-size model of a design or device, used for product presentations or to evaluate a concept.

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