Simulation Is Especially Useful for Situations Too Complex to Be

question 39

True/False

Simulation is especially useful for situations too complex to be analyzed using analytical models.

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Definitions:

Competitive Advantage

A unique attribute or ability that allows an organization to outperform its competitors.

Transferable Technology

Technologies that can be easily adapted and used in various industries or sectors.

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.

Competitive Advantages

Unique attributes or conditions that allow a company to outperform its competitors.