Fill in the Blank(s)

question 32

Short Answer

Fill in the Blank(s)
-Suppliers benefit from longer-term, larger-volume contracts, which increase production ________, lower costs, and help justify investments in product and process technologies.

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Definitions:

Sales Forecasts

Predictions of the future sales revenue of a product or service within a specified time frame, based on historical data, market trends, and economic conditions.

Evaluate Strengths

The process of identifying and assessing the strong points or advantages that an individual, company, or product possesses.

Competitors' Brands

Brands offered by competing companies in the same industry.