Complete the following table in preparation for a Monte Carlo simulation.The expected demand is 3.52.
Definitions:
Competitive Potential
Refers to the capacity of a company or industry to compete effectively in the market and expand its market share.
Industries
Broad categories that encompass various companies and organizations involved in the production of goods and services in specific areas of the economy.
Infant Industry Theory
A theory which states that certain emerging industries need to be protected and nurtured for a period of time or they will be unable to compete against established foreign firms.
Neo-Mercantilism
An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.
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