Because Internationally Recognized Certifications Like ISO 9000 Are Becoming So

question 16

True/False

Because internationally recognized certifications like ISO 9000 are becoming so common among suppliers,it is becoming more important that purchasing firms develop internal certification programs that are geared toward the specific needs of the purchasing organization.

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Definitions:

Sales Forecast

Is an estimation of the sales revenue a company expects to achieve in a certain period of time, based on historical data, market analysis, and current sales trends.

Seasonal Adjustments

The process of altering data to eliminate the influence of seasonal patterns, making trends outside of these patterns more noticeable.

Marketing Mix

The blend of tactical marketing tools, such as product, price, place, and promotion, that a company uses to pursue its marketing objectives in the target market.

Target Markets

A group of people who have a common want or need that your business can satisfy, who are able to purchase your product, and who are more likely to buy from your business.