Examlex
Identify the three major ways a company can manage its international marketing.
Random Numbers
Sequences of numbers generated in such a way that each number has an equal chance of being any value within the defined range, used in simulations and probabilistic calculations.
Expected Demand
An estimate of the quantity of a product or service that consumers will purchase in the future, often used for planning and inventory management.
Demand Probability
The likelihood that a specific level of demand will occur within a certain period.
Monte Carlo Simulation
An algorithm that utilizes multiple instances of random sampling to generate numerical outcomes, commonly applied in assessing risks and making decisions.
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