Examlex
In testing a hypothesis about a population proportion p, the z test statistic measures how close the computed sample proportion has come to the hypothesized population parameter.
Differentiation Strategy
A business approach in which a company seeks to distinguish its products or services from competitors through unique features.
Strategic Planning
The process of defining a company's strategy or direction and making decisions on allocating resources to pursue this strategy, including its capital and people.
Competitive Advantage
A condition that enables a company to operate in a more efficient or otherwise higher-quality manner than the companies it competes with.
Resources
The total means available for economic and operational development, such as natural resources, personnel, and capital.
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