In general, the people who have the power to select or approve the supplier are referred to as the "buyers". Most of the time, buyers want to go with a supplier who can offer the best product at the cheapest price.
Answer:
Explanation:
We need to purchase to fullfil the inventory for this amount of units.
<u>Now we have to calculate each component:</u>
Next, we multply the purchase requirement per amount per tpye of unit. Once we got total quantity me multiply by the cost.
Answer:
Marketing research
Explanation:
Marketing research is the process of obtaining well researched information about a target market and its potential customers. It is an important marketing strategy in that it helps an organization find a new target market and also provide an avenue for potential consumers to provide their opinion and feedback about their interest in the firm's products.
Example of marketing research includes phone survey, online interviews, focus groups, survey etc.
Answer: Storming
Explanation:
In the stages of group development, the storming stage is regarded as a vital stage and also the most difficult stage.
The storming stage is a stage where there's conflict and competition among the members as there is an emergence of the personalities of the members. Also, at this stage there is reduction in the team performance because there's no unity among the members