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A(n)________ Is an Abstract,simplified Representation of a Real System,allowing Us

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Short Answer

A(n)________ is an abstract,simplified representation of a real system,allowing us to predict some behavior or response using a set of explicit assumptions.


Definitions:

Globalization Strategy

A business approach that involves planning and implementing methods to operate and compete on a global scale.

Standardized Products

Goods or services that are uniform in quality and performance across all outlets and markets, allowing for mass production and economies of scale.

Bankruptcy

A legal process for individuals or entities that cannot repay their debts, leading to either the reorganization or liquidation of assets.

Canadian Law

The legal framework within Canada, including the constitution, statutes, regulations, and common law that governs the country and its citizens.

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