Examlex
The diagram below identifies the elements of service as provided by a soft drink vending machine.Each element has an estimate of its own reliability,independent of the others.What is the reliability of the "system"?
Supply
The aggregate availability of a product or service for acquisition at a designated price.
Competition
A market situation in which multiple sellers are trying to sell their product or service to the same buyers, leading to a struggle for market share.
Industry
A group of companies that operate in a specific sector of the economy, manufacturing or supplying goods and services in a particular domain.
Influence
The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.
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