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Organizations should strive to improve all their business processes,including procurement management.
Premise Control
A security or management concept ensuring that the base assumptions underlying strategies or plans remain valid over time and are monitored for changes.
Fixed-Charge Obligations
Financial commitments that a company must pay on a regular basis, such as loans, leases, and other fixed expenditures, irrespective of its business performance.
Interest Payments
Payments made to lenders as compensation for borrowing money, usually calculated as a percentage of the principal amount.
Macro-Environment
The macro-environment encompasses the broad external conditions that affect businesses and industries, including economic, social, technological, and political factors.
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