The Process of Obtaining and Analyzing Data, Which Will Be

question 18

Multiple Choice

The process of obtaining and analyzing data, which will be used to refine strategic or operational plans, is known as market:

• A) exchange.
• B) mix.
• C) research.
• D) study.

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Definitions:

Near Shoring

The practice of transferring a company's business or production processes to neighboring or nearby countries to reduce costs and improve logistics.

Disintermediation

Eliminating intermediaries in a supply chain, allowing direct transactions between buyers and producers.

Supplier Codes

Unique identifiers assigned to vendors that allow companies to manage and track transactions and orders more efficiently.

Social Sustainability

The ability of a society to develop processes and structures which not only meet the needs of its current members but also support the ability of future generations to maintain a healthy community.