The International Organization for Standardization (ISO) Defines _____ as "The

question 61

Short Answer

 The International Organization for Standardization (ISO) defines _____ as "the totality of characteristics of an entity that bear on its ability to satisfy stated or implied needs."

---

Definitions:

Market Demands

The total amount of goods or services that consumers in a specific market are willing and able to buy at a certain price level during a specified period.

Small Businesses

Companies with a small number of employees and relatively low volume of sales, typically privately owned.

Larger Firms

Businesses or companies that have a significant scale in terms of operations, revenue, and workforce size, often with a broad market presence.

Business Decisions

Choices or judgments that are made in the course of managing a business, considering various factors to achieve organizational goals.