The Student's t-distribution is a statistical model used to approximate the first-order moment of a population with a normal distribution when the sample size it is small and the standard deviation is unknown. The Student's t distribution estimates the value of a small sample mean that is drawn from a population with a normal distribution, … Read more
A definition of a strategic business unit can be the set of activities carried out by a company for which a common strategy can be set and different from those of the rest of the company's activities. This strategy is autonomous from the rest, but it is not completely independent since all the strategies of … Read more
Social benefits can ensure that a company's returns on work, time and solutions are achieved with high expectations. Specifically, we refer to social benefit when companies They offer their workers some additional benefits to wages. The objective of these benefits is based on the idea of improving the quality of life of the employee, attending … Read more
The concept of statute has several meanings in Spain, because depending on what we refer to, it will mean one thing or another. In general, when we speak of statute we refer to laws, obligations or bases of a "contract" that must be fulfilled for the proper functioning of an action, company or activity. Since … Read more
Static or statistical inference inference is a branch of the statistics which is responsible for drawing general conclusions from a part of the statistical population (that is, the object of study, which can be made up of a set of individuals, objects or phenomena). The objective of statistical inference is to obtain a series of … Read more
A definition of positioning, a term linked to the field of marketing, can be the image that a brand, company, product or service occupies in the minds of users. The aforementioned positioning is elaborated from the perception that the consumer has of the brand and compared to the competitionof the company. Through the concept of … Read more
A subscription or subscription is a process by which a person pays a fee or a percentage of money to enjoy a service, good or product. Therefore, the concept of subscription refers to a business model that is based on access for a certain period of time to said product, good or service. Normally the … Read more
The secondary sector is in charge of transforming raw materials, those that find their origin in the primary sector. For this reason, the secondary sector is a sector that is dedicated to the handling of these raw materials using specific and qualified machinery. In this definition of the secondary sector, we must therefore bear in … Read more
The concept of supply chain refers to all the steps that take part in the preparation and distribution of a product for sale. This process deals with coordinating and planning the different tasks to be fulfilled in order to search, obtain and transform different articles with the purpose of taking it to the market and … Read more
Commerce, within the commercial sphere, is directly related to the activity of the company and the figure of the merchant or businessman. Within the company, the employer is the one who decides on the allocation of each of the means of production, whether it is capital, materials or goods, hiring of technical and labor personnel, … Read more
