Examlex
If a firm lacks a unique business image,it must match its competitor's prices or risk losing customers.
Scientific Method
A systematic and empirical approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated, and then the hypothesis is empirically tested.
Self-Correcting Process
A method or mechanism that automatically adjusts and corrects its course of action to maintain or return to a desired state or condition.
Observing Nature
The act of paying close attention to the natural environment, often to understand natural processes or for relaxation and enjoyment.
Theory
An explanation using an integrated set of principles that organizes observations and predicts behaviors or events.
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