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The European standard EN 2, ‘Classification of fires’, harmonizes fire classes across member nations. It defines five classes: A (solids), B (liquids), C (gases), D (metals), and F (cooking oils). A key distinction from the US system is that Class C is specifically for flammable gases, and there is no dedicated class for electrical fires;…
The international standard ISO 9241-11 defines usability as the “extent to which a product can be used by specified users to achieve specified goals with effectiveness, efficiency and satisfaction in a specified context of use.” This definition provides a framework for measuring usability by breaking it down into three distinct, quantifiable components, moving beyond purely…
A statistic indicating the goodness of fit of a model, representing the proportion of the variance in the dependent variable that is predictable from the independent variable(s). An R² of 1 indicates a perfect fit, while 0 indicates no linear relationship. It is calculated as R^2 equiv 1 – frac{SS_{res}}{SS_{tot}}[/latex], where SS_{res}[/latex] is the residual…
A foundational economic fact is that the total monetary volume of business-to-business (B2B) transactions significantly surpasses that of business-to-consumer (B2C) transactions. This is because a single finished consumer product often involves a long supply chain with multiple B2B transactions—from raw materials to manufacturing components to wholesale distribution—before the final B2C sale occurs.
The Buying Center is a model representing all individuals and groups within an organization who participate in a purchase decision. It’s not a fixed unit but a set of roles assumed by different people for different purchases. These roles include initiators, users, influencers, deciders, approvers, buyers, and gatekeepers, each impacting the final decision through their…
Customer-to-customer (C2C) is a business model where consumers trade directly with each other, typically facilitated by a third-party online platform. This model contrasts with business-to-consumer (B2C) and business-to-business (B2B) models. The platform provider is not the seller but an intermediary that enables the transaction, creating a market for second-hand goods, handmade items, or collectibles.
The C2C model has two primary implementations: online marketplaces and classifieds. Marketplaces, like eBay, are highly integrated, providing payment processing, structured listings, and reputation systems. They are active intermediaries. In contrast, classifieds platforms, like Craigslist, act more as simple connectors, providing a venue for listings but typically leaving the payment and transaction logistics entirely up…
B2B business models are often categorized as either vertical or horizontal. A vertical B2B model focuses on a single industry or ‘vertical,’ providing specialized products and services tailored to that sector’s unique needs (e.g., software for dentists). In contrast, a horizontal B2B model offers a product or service that is applicable across multiple industries (e.g.,…
The ISO 5725 standard defines accuracy as the combination of trueness and precision. Trueness is the closeness of the mean of a large series of measurements to the accepted reference value, quantifying systematic error or bias. Precision is the closeness of agreement among a set of results, quantifying random error. Thus, accuracy requires both high…
Cradle-to-Cradle (C2C) is a design philosophy that models human industry on nature’s processes. It views materials as “nutrients” circulating in closed-loop systems. The framework distinguishes between two cycles: the biological cycle, for biodegradable materials that can safely return to the soil, and the technical cycle, for materials that are continuously reused or upcycled in industrial…
