Match Each Item with the Correct Statement Below

question 115

Multiple Choice

Match each item with the correct statement below.
-_____ is the systematic study of the components of a purchase to determine the most cost-effective approach.

• A)merchandisers
• B)trade industries
• C)remanufacturing
• D)nearshoring
• E)end-use application segmentation
• F)global sourcing
• G)joint demand
• H)inelastic demand
• I)outsourcing
• J)value analysis
• K)gatekeeper
• L)commercial market
• M)reciprocity
• N)vendor analysis
• O)category advisor
• P)modified rebuy
• Q)demographic characteristics based segmentation
• R)influencers
• S)buyer
• T)customer-based segmentation

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Definitions:

Exponential Smoothing

Exponential smoothing is a time series forecasting method for smoothing data values, giving more weight to recent observations while factoring in older data.

Moving Average

A statistical technique used to analyze time series data by creating a series of averages of different subsets of the full data set.

Trend Line

A line drawn through data points in a scatter plot to model the direction or pattern of the data, commonly used in time series data to visualize trends.

Quarterly Data

Information or statistics collected at three-month intervals, often used in business and finance to track performance and trends.