many retail businesses plan sales based on records of events that happened the previous week, quarter, or even year. what type of data mining technique is required to retrieve this information?
Answers
The type of data mining technique required to retrieve information for retail businesses planning sales based on records of past events is called "Time Series Analysis." This technique analyzes data points collected over time to identify patterns, trends, or seasonal variations.
By using time series analysis, retail businesses can make informed decisions and plan sales strategies more effectively. The process involves the following steps:
1. Data collection: Gather historical sales data for the desired time period, such as the previous week, quarter, or year.
2. Data preprocessing: Clean and organize the data to ensure its accuracy and relevance.
3. Time series analysis: Apply statistical methods and algorithms to identify patterns and trends in the data.
4. Model building: Develop a model that can forecast future sales based on the discovered patterns.
5. Model validation: Test the model's accuracy and reliability using historical data.
6. Sales planning: Use the model's predictions to plan sales strategies and promotions accordingly.
By employing time series analysis in data mining, retail businesses can better understand customer behavior and predict future sales, allowing them to make data-driven decisions and improve their overall performance.
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Related Questions
What system did merchants in early centuries use to make commercial transactions easier
Answers
In the early centuries, merchants made use of the Mercantilism system for commercial transactions.
What is Mercantilism?In simple terms, it is an economic theory and practice known as "mercantilism," which was prevalent in Europe from the 16th to the 18th century.
Mercantilism advocated governmental regulation of a country's economy with the goal of enhancing state power at the expense of competing for national powers.
According to the theory, a strong nation should have a sizable population because a sizable population would offer a supply of labor, a market, and soldiers.
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Yes or yes? Please help me I am to not smart edhfvidsnf
Answers
Answer:
I think yes 000000000000000
he Ewing Distribution Company is planning a $160 million expansion of its chain of discount service stations to several neighboring states. This expansion will be financed, in part, with debt issued with a coupon interest rate of 12 percent. The bonds have a 15-year maturity and a $1,000 face value, and they will be sold to net Ewing $980 after issue costs. Ewing’s marginal tax rate is 40 percent.
Preferred stock will cost Ewing 17 percent after taxes. Ewing’s common stock pays a dividend of $5 per share. The current market price per share is $16, and new shares can be sold to net $15 per share. Ewing’s dividends are expected to increase at an annual rate of 8 percent for the foreseeable future. Ewing expects to have $40 million of retained earnings available to finance the expansion.
Ewing’s target capital structure is as follows:
Debt 20 %
Preferred stock 20 Common equity 60 Calculate the weighted cost of capital that is appropriate to use in evaluating this expansion program. Use Table II and Table IV to answer the questions. Round your answer to one decimal place.
Answers
The weighted cost of capital (WACC) for Ewing Distribution Company, based on the given information and target capital structure, is approximately 28.4%.
To calculate the weighted cost of capital (WACC) for Ewing Distribution Company, we need to calculate the cost of each component of capital (debt, preferred stock, common equity) and then apply the weights based on the target capital structure.
Cost of Debt:The cost of debt is given as a coupon interest rate of 12%. However, since Ewing's marginal tax rate is 40%, we need to calculate the after-tax cost of debt:
Cost of Debt = Coupon Interest Rate * (1 - Marginal Tax Rate)
Cost of Debt = 0.12 * (1 - 0.40)
Cost of Debt = 0.072 = 7.2%
Cost of Preferred Stock:The cost of preferred stock is given as 17% after taxes.
Cost of Preferred Stock = 0.17 = 17%
Cost of Common Equity:To calculate the cost of common equity, we will use the Dividend Discount Model (DDM) and the growth rate of dividends.
Dividend Yield = Dividend / Current Market Price
Dividend Yield = $5 / $16 = 0.3125 = 31.25%
Growth Rate = 8%
Cost of Common Equity = Dividend Yield + Growth Rate
Cost of Common Equity = 0.3125 + 0.08 = 0.3925 = 39.25%
Weighted Average Cost of Capital (WACC):Finally, we can calculate the weighted average cost of capital using the target capital structure:
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Equity * Cost of Common Equity)
WACC = (0.20 * 0.072) + (0.20 * 0.17) + (0.60 * 0.3925)
WACC ≈ 0.0144 + 0.034 + 0.2355
WACC ≈ 0.2839 = 28.4%
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During the 1980s, the United States experienced "twin deficits" in the current account and government budget. Since 1998 the U.S. current account deficit has grown steadily along with rising government budget deficits. Do government budget deficits lead to current account deficits? Identify other possible sources of the current account deficits. Do current account deficits necessarily indicate problems in the economy?
Answers
While there may be some correlation between government budget deficits and current account deficits, it is not a straightforward causal relationship.\
Other factors that can contribute to current account deficits include changes in exchange rates, differences in savings rates between countries, and fluctuations in global demand for goods and services.
Current account deficits themselves do not necessarily indicate problems in the economy. They can be a natural consequence of a country's economic growth and can reflect an increased demand for imports as well as an increase in investment from abroad. However, persistent and large current account deficits can make a country vulnerable to external shocks and can increase its reliance on foreign borrowing.
To address current account deficits, countries can implement a range of policies, such as promoting exports, increasing national savings, or reducing domestic demand. However, these policies can have trade-offs and may need to be carefully balanced to avoid unintended consequences.
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Exercise 7.3: Claim Denial -- Warranty Does Not Mean a New Device
Instructions: Please post Exercise 7.3: Claim Denial -- Warranty Does Not Mean a New Device here. Please revise this message as a letter. Do not list the five weaknesses.
Current date
Ms. Haley Tranquillo
501 Westhampton Way
Richmond, VA 23173
Dear Ms. Tranquillo:
This letter is being sent to you to inform you that warranty repairs or replacements are not available for damage caused by operator fault. The dot inside your smartphone indicates in bright red that the device suffered prolonged exposure to liquid. The phone also shows signs of heavy external abuse—quite rightly excluded from coverage under your protection plan.
Your phone retailer, Westhampton Wireless, at 422 Pleasant Valley Road, forwarded your device to us. Our service technician made an inspection. That’s when he discovered that your Droid had not been treated with proper caution and care. He said he had never seen such a gunky phone interior, and that without a doubt the gadget was subjected to blunt force on top of that! You are lucky that the touch screen did not crack or break and that you didn’t lose all your data irretrievably since you apparently didn’t bother to arrange for a backup. Today’s smartphones are sophisticated high-tech devices. They must be handled with utmost respect. You wouldn’t believe how many users accidentally drop their phones into the toilet.
The Peace of Mind Plan that you have purchased gets rave reviews from users. They love the protection their expensive equipment enjoys at a low monthly cost of $5.99. However, this plan plus the manufacturer’s warranty on your Droid covers only this one thing: manufacturing defects. Your warranty has expired by now, but it wouldn’t cover neglect and abuse anyway. Your Peace of Mind Plan is in effect but only covers you for theft, loss, and malfunction. It explicitly excludes liquid and physical damage. In any case, there is always a deductible of $89. We can’t replace the Droid at no charge, as you request. But we could sell you a remanufactured model, at a cost of $49 plus tax. Your other option is to purchase a new device at full retail cost. Furthermore, since you have a two-year contract, you will be eligible for an upgrade as you are nearing month 20. You could go to www.alphawireless.com to browse new calling plans and see current smartphones and perhaps order a product or service online.
Let us know what you want to do. We pride ourselves on our unparalleled customer service.
Sincerely,
Answers
The purpose of the letter is to inform Ms. Tranquillo that warranty repairs or replacements are not available for damage caused by operator fault and to provide her with options for resolving the issue.
What is the purpose of the letter sent to Ms. Haley Tranquillo regarding her damaged smartphone?The letter is informing Ms. Haley Tranquillo that warranty repairs or replacements are not available for damage caused by operator fault, specifically due to prolonged exposure to liquid and heavy external abuse.
The letter emphasizes the importance of proper caution and care when handling smartphones and highlights that the protection plan and manufacturer's warranty only cover manufacturing defects, excluding neglect and abuse.
The options provided include purchasing a remanufactured model at a cost of $49 plus tax, buying a new device at full retail cost, or exploring upgrade options as the two-year contract is nearing completion. The letter concludes by emphasizing the company's commitment to customer service.
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Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
NEED HELP ASAP. WILL GIVE BRAINLIEST
How do limited resources affect a nation's decision to engage in international trade?
Answers
Answer:
it affects growth and population
Explanation:
People are living paycheck to paycheck why is that a problem
Answers
What approach does Dave Ramsey recommend for saving for purchases?
Answers
Answer: Sinking fund approach
Explanation: "A sinking fund is where you save a little bit of money every single month for something specific. So, anytime you have a known expense coming up, you can use a sinking fund to save up for it over time".
As Ramsey explains, a sinking fund is different from an emergency fund, because the purpose of it is to prepare for expected expenses that you are going to incur soon. And he believes it us important to have one because it makes big purchases easier to pay for without having to borrow
Question #5
Multiple Choice
include businesses that buy products or services from another business to help produce products or services for their own
business to sell.
O Consumer markets
O Industrial markets
O Markets
None of the above
Answers
Answer:
I think industrial markets
The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being prompt on its deliveries. Blackbeard is the owner of the company. Davy Jones works for Blackbeard as an underpaid sailor. Davy knew that Blackbeard loved to read while they were transporting their deliveries and that his favorite book was The Adventures of Huckleberry Finn. Davy gave Blackbeard a valuable first edition of Twain's work hoping that Blackbeard would give him a raise in pay. A day later, Blackbeard promised to give Davy a pay raise of 18% because he was very pleased with the book. The following week when Davy received his check, he noticed that the raise was missing and he asked Blackbeard for the money. Blackbeard refused to give him his raise and Davy filed suit. Decide the outcome.
Answers
The outcome here is that the court would make blackbeard to give the pay raise that he promised to Davy.
The breach of promise.Davy may decide to sue because there has been a breach here. He may decide to sue under the proprietary estoppel.
He already met with what was required of him by providing the book to Blackbeard. It was Blackbeard that was unable tyo meet up with his own part.
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1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling price is birr 6/unit B, what would be the company cost is it decides to shutdown operation for the next four month
Answers
Answer:
Break Even point Q = 500000
Shut Down Point P < 5
Explanation:
Break Even point is where Total Revenue = Total Cost.
Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity
So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q
Q = 500000
Shut Down Point is where firm's Price is < its Average Variable Cost .
AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5
So, the firm would shut down if its price would go below AVC , ie if P < 5
Identify one decision that you made in the Introduction (for example, to attend the football game). List all of the tradeoffs of that decision. In your list, write your opportunity cost of that decision in all capitalized letters. Then explain why this is your opportunity cost. Text to speech
Answers
One decision made in the introduction was to attend a football game. The tradeoffs of this decision include the cost of purchasing a ticket, the time commitment involved in attending the game, and potential missed opportunities or events happening concurrently.
The opportunity cost of attending the football game would be the alternative activity or event that could have been pursued instead, such as spending time with family, working on a personal project, or attending a different event. Attending a football game comes with tradeoffs, including the financial cost of purchasing a ticket, as well as the time commitment required to travel to the stadium, watch the game, and potentially engage in pre- and post-game activities. By choosing to attend the football game, one is sacrificing the opportunity to allocate their time and resources towards other activities or events. This could mean missing out on spending quality time with family or friends, working on personal projects or hobbies, or attending other events that may be happening concurrently. The opportunity cost represents the foregone alternative, the value of what is given up in order to attend the football game.
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how should the entries to a schedule of accounts payable be ordered
a. by date received
b. alphabetically by vendor name
c. by amount due from most to least
d. by date due
Answers
The entries in a schedule of accounts payable would be ordered alphabetically by vendors name.
What is the use of a schedule of accounts payable?A schedule of accounts payable is a list of all the vendors in the ledger of accounts payable to whom the business is currently indebted, together with the balances of their current accounts. In other words, the accounts payable schedule is a list of everyone to whom the company owes money in the accounts payable systems in alphabetical order.
There are two key benefits to using the accounts payable schedule. This schedule, first and foremost, enables managers as well as the accounts payable division to keep track of and arrange the vendor accounts that need to be paid. For instance, the majority of manufacturers and retailers purchase inventory and products from other companies.
Cash payments for these transactions are uncommon. Instead, the buying business merely places the acquisition on credit and pays the vendor within 30 days well after purchase. This technology accelerates corporate operations and makes it simpler for enterprises to purchase things.
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Answer: d. by date due
Explanation: I just took the test.
Susan Sleugh earns $89,079 annually. Income tax is charged using the following information: 1.11% on on first $45225 of taxable income 2.13% on next $83989( over $ 45225 upto $129.214) 3. 15% on $129.214 Calculate the annual income tax payable.
Answers
Susan Sleugh earns $89,079 annually. Income tax is charged using the following information: 1.11% on the first $45225 of taxable income, 2.13% on the next $83989( over $ 45225 up to $129.214), and 15% on $129.214. Susan Sleugh's total tax payable is $-3526.60.
For income below $45225, the rate of tax is 1.11%. Therefore the amount of tax that Susan has to pay for the income below $45225 is:1.11/100 × 45225 = $501.28
Next, for the next $83989( over $ 45225 up to $129.214) the rate of tax is 2.13%. Therefore, the amount of tax that Susan has to pay for this amount is 2.13/100 × 83989 = $1791.27Now, for the amount above $129.214, the rate of tax is 15%.
Therefore, the amount of tax that Susan has to pay for the amount above $129.214 is:15/100 × (89079 - 129214) = -$5829.15. Hence, her total tax payable for the year is Total tax payable = $501.28 + $1791.27 - $5829.15= -$3526.60. Susan Sleugh's total tax payable is $-3526.60.
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When a computer is frozen and cannot properly be shut down, manually hold down the manual power button until the computer restarts. true or false
Answers
Answer:true
Explanation:
Adam Smith argued that each person in a competitive market is led to promote the
a. efficient use of society's resources, because each person's intention is to make society better off.
b. efficient use of society's resources, even though it is no person's intention to make society better off.
c. inefficient use of society's resources, even though each person's intention is to make society better off.
d. inefficient use of society's resources, because it is no person's intention to make society better off.
Answers
Adam Smith argued that each person in a competitive market is led to promote the efficient use of society's resources, even though it is no person's intention to make society better off. So the option b is correct.
In a market economy, Adam Smith described self-interest and competition as the "invisible hand" that guides the economy. This episode of the Economic Lowdown Podcast Series discusses these concepts and their significance in understanding the economic system.
A market economy is an economic system in which individuals own the majority of the resources - land, labour, and capital - and control their use through voluntary market decisions. It is a system in which the government has only a minor role. Self-interest and competition are two powerful forces in this type of economy.
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this form will be sent to Lily by the end of January. She will use this form to...
Answers
Answer:
\(\large\colorbox{white}{File her income taxes}\)
Explanation:
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\(\large\colorbox{lime}{Xxᴊᴀsʜ13xX}\)
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
Answers
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
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What is a judgmental technique used by organizations to make supply forecasts?
Delphi technique
Productivity ratios
Stochastic analysis
Replacement planning
Answers
Replacement planning is a judgmental technique used by organizations to make supply forecasts.
The option (D) is correct.
Judgmental forecasting strategies consolidate instinctive judgment, feelings, and abstract likelihood gauges. Critical estimating is utilized in situations where verifiable information is absent or during totally new and special economic situations.
Statistical forecasts are by and large better than creating estimates utilizing just judgment. For most of the part, we center around the main setting where no information is accessible, and in the last segment, we examine the critical change of measurable figures.
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Why is it so hard to find essentials during times of crisis?
Answers
Answer:
because they are in high demand because so many other people want them
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
Which is the second step in the strategic-management process?.
Answers
The second step in the strategic management process is “Strategy Formulation”.
Strategy Formulation is the second step in the Strategic Management process. It is the process of determining appropriate courses of action for achieving the objectives and thereby accomplishing the purpose of the organization. It is a complex process that involves several stages of formulation, development, and implementation.
Strategy formulation is concerned with developing a comprehensive plan of action for accomplishing the organizational objectives. This plan of action is called a strategy. A strategy is a comprehensive and integrated plan of action that outlines the activities and resources required to achieve the organizational objectives.
Strategy management involves the following stages:
1. Environmental Analysis
2. Strategy Formulation
3. Organizational Analysis
4. Resource Allocation
5. Implementation and Evaluation
Therefore, It is the central, integrative, and dynamic aspect of strategic management.
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Which of the following would be a business selling the same thing in another country?
Answers
if I'm wrong please give more details? and ice cream parlour?
Answer:
I think cafe or Hotel will be the best business in another county.
Cylinder is used for cooking; you have checked when it was supplied to you. Afterwards if it starts leaking so whom do you think is liable to pay compensation if the leakage of gas leads to fire and causes injury?
Answers
OMCs (Oil Marketing Companies) are liable to pay compensation if the leakage of combustible gas leads to fire and causes injury.
Combustible gases that aid in food preparation are contained in the domestic gas cylinder. Even in small fires, the gas that the cylinder releases can burn readily. The property and lives of those nearby could sustain severe damage if the cylinder bursts.
OMCs' Public Liability Insurance Policy only covers losses resulting from accidents where LPG is the primary cause of fire; it does not cover losses resulting from accidents where other sources or circumstances lead to the engulfment and subsequent rupture of LPG cylinders.
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answer quickly pls: it is an accounting question:
Answers
Answer:
$3,500
Explanation:
Profit is calculated by subtracting expenses for revenue.
In the case,
Revenues are
fees from client $20,000
Rent received $ 8,000
total revenue $28,000
expenses
insurance $8,000
advertising $3,000
loan interest $ 12,000
motor expense $1,500
$24,500
profit = $28,000 - $24,500
profits =$3,500
if a bank has a capital to asset ratio of 0.1 and a return on equity of 10%, what is its return on assets?
Answers
The return on assets (ROA) of the bank is 1%
To calculate the return on assets (ROA) of a bank, we can use the following formula:
ROA = Net Income / Total Assets
We are given the return on equity (ROE) and the capital to asset ratio of the bank. The relationship between ROE, ROA, and the capital to asset ratio can be expressed as:
ROE = ROA x Leverage
where Leverage is defined as the ratio of Total Assets to Shareholders' Equity.
Using the above relationship, we can calculate the leverage of the bank as:
Leverage = Total Assets / Shareholders' Equity = 1 / Capital to Asset Ratio
Leverage = 1 / 0.1 = 10
Now, we can calculate the return on assets using the given return on equity and the calculated leverage as:
ROE = ROA x Leverage
10% = ROA x 10
ROA = 1%
Therefore, the return on assets (ROA) of the bank is 1%.
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indicate whether each of the following events will increase, decrease, or have no effect on long-run aggregate supply (lras).
Answers
Here are the following events will increase, decrease, or have no effect on long-run aggregate supply (LRAS).
1. decrease
2. decrease
3. increase
4. increase
What is aggregate supply?The complete supply of products and services that businesses in a country's economy intend to sell over a given time period is known as aggregate supply (AS) or domestic final supply (DFS). It is the entire quantity of goods and services that businesses in an economy are willing and able to sell at a specific price level. Government "supply-side policies," which aim to raise productive efficiency and subsequently national production, focus on the aggregate supply. Education and training, research and development, assisting small and medium-sized businesses, lowering business taxes, implementing labor market changes to lessen frictions that can limit output, and infrastructure investment are some examples of supply-side strategies.
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The _____ risk has been encountered if a business has no answer to fight back against its competition.
financial
operational
compliance
strategic
Answers
When a business is unable to fight back against its competitors effectively, then a strategic risk has been encountered.
What is a strategic risk?This refers to the risk that the strategies of a business will not allow it to be competitive in the market.
When competitors come up with new processes and a business is unable to match them, this is therefore strategic risk.
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