Examlex
If two cards are randomly drawn,without replacement,from a standard deck of 52 cards,find the probability that the second card is not a jack or queen,given that the first card is a jack or queen.
Product Life Cycle
The stages through which a product goes from its inception to decline, including introduction, growth, maturity, and decline.
Introductory Stage
The initial phase of a product or service lifecycle, characterized by low sales, high investment costs, and limited market acceptance.
Growth Stage
The growth stage is the phase in a company's life cycle characterized by rapid market acceptance and increasing profits.
Decline Stage
A phase in the product lifecycle or business where sales begin to fall due to market saturation, technological obsolescence, or changing consumer preferences.
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