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Joan, a retail designer, came up with a new design for trial rooms in clothing stores. According to her design, the changing rooms had talking mirrors that were connected to a computer that analyzed the reflection of the person and provided fashion advice. However, when the design was implemented in stores, numerous problems arose. The stores could not update the computer software quickly enough to reflect changing trends. Thus, the mirrors provided fashion tips that were out of sync with the present times and many customers were annoyed. The lack of _____ led to the failure of Joan's design.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some numbers than others.
Self-Constructed Property
Real estate or assets that a company builds for its own use, rather than purchasing or leasing from another entity.
Disclosure Requirements
These are legal or regulatory stipulations that mandate the release of financial and other significant information by a company to its stakeholders.
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