Examlex
Peter, a sixth-grade mathematics teacher, recently administered an exam. He wants to report a measure of central tendency but he doesn't know what to do with the fact that two students have much lower scores than anyone else. What is the best measure of central tendency for Peter to report?
Flexibility
Flexibility in a business context refers to the ability to adapt quickly to changes in the market or operational conditions, maintaining efficiency and meeting customer demands.
Supply Chain
The network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from supplier to customer.
Capacity
Capacity refers to the maximum level of output that a company can sustain to produce a product or service, considering available resources.
Inventory
The goods and materials that a business holds for the ultimate goal of resale, production, or utilization.
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