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All planning is based on assumptions and:
Import Tariffs
Taxes imposed by a government on goods and services imported into a country.
Joint Ventures
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Global Market
The international trading system comprising of buyers and sellers from different countries, facilitating the exchange of goods, services, and capital across borders.
Buying
The act of obtaining goods or services in exchange for money, or the procurement process in businesses.
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Q88: W.Edwards Deming created total quality management (TQM).