Examlex
Find the probability for the experiment of drawing two marbles (without replacement) from a bag containing 3 green,5 yellow and 4 red marbles such that both marbles are yellow.
External Strategy
A plan of action that focuses on factors outside an organization to achieve its goals.
Dynamic Strategy
A flexible, adaptive strategy that allows an organization to respond quickly to market changes, competitive actions, and external forces.
Increasing Differentiation
A strategy where businesses aim to make their products or services stand out more distinctly from competitors'.
Decreasing Cost
The reduction in the total cost of production or operation over time, often achieved through efficiencies, economies of scale, or technological advancements.
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