Classification in a business context refers to the organization of jobs, activities, and products into categories or grades based on predefined criteria. This helps in standardizing evaluation, simplifying management, and enhancing operational efficiency.
A contingency table is a type of data matrix presenting sample observations classified by two or more characteristics, such as categories or attributes.
The term 'generic' can be used in various contexts such as to describe something that relates to or covers an entire class or category. In marketing, it often refers to a whole product or service category without any specific brand association.
