Just eat the cake you fool!

Stochastic

sto·chas·tic
–adjective

of or pertaining to a process involving a randomly determined sequence of observations each of which is considered as a sample of one element from a probability distribution.

Sentence:
To deal with variability in the element behavior, random number and random variables need to be used to model the stochastic nature of the system.

it’s a synonym for the word random…

Orangeline

Propensity

pro‧pen‧si‧ty Pronunciation[pruh-pen-si-tee]
–noun, plural -ties.
1. a natural inclination or tendency: a propensity to drink too much.
2. Obsolete. favorable disposition or partiality.

Studying Human Resource Mgtment again… n i met another word that im not sure with..
so there…. a new word for me!

Sentence : Buyer’s propensity to substitutes
part of Porter’s 5-Forces in the “Threat of Substitutes” …
im still @ Porter’s 5-Forces…after the entire weekend…

meaning taken from : Dictionary.com

-Orangeline-

I’ve learnt a new word today when i was revising for 184 - Human Resource Mgtment & Entrepreneurship!!

Exacerbate
ex‧ac‧er‧bate
Pronunciation[ig-zas-er-beyt, ek-sas-]
–verb (used with object), -bat‧ed, -bat‧ing.
1. to increase the severity, bitterness, or violence of (disease, ill feeling, etc.); aggravate.
2. to embitter the feelings of (a person); irritate; exasperate.

I saw the word when I was reading about Porter’s 5 Forces… haha and the sentence was
“Exit barriers limit the ability of a firm to leave the market and can exacerbate rivalry - unable to leave the industry, a firm must compete.”

yupyup…so there’s a new word for me!

-Orangeline-