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Definition
| ______________ marketing is the exchange of products and services between businesses. |
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| _________ includes determining the products and services needed, identifying the best sources to obtain them, and completing the activities necessary to obtain and use them. |
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| ___________ are detailed requirements for construction or performance of a product. |
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| The ____________ is the level of inventory needed to meet the usage needs if the business until the product can be resupplied. |
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| _____________ is a form of bartering in which the products or services of one company are used as payment for the products or services of another company. |
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Definition
| _________ are companies that offer products for sale to other businesses; suppliers. |
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| ___________ is an objective rating system used by buyers to compare potential suppliers on important purchasing criteria. |
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| request for proposal (RFP) |
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Definition
| A ___________ contains a specific description of the type of product or service needed and the criteria that are important to the buyer. |
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Definition
| In ____________, several suppliers develop specific prices at which they will meet detailed purchase specifications and other criteria prepared by the buyer. |
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Definition
| A _______ is the flow of products, resources, and information through all of the organizations involved in producing and marketing a company’s products. |
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Definition
| _________ means that the inventory level is kept low and resupplied by supply chain members just as it is needed. |
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| Total quality management (TQM) |
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Definition
| _________ establishes specific quality standards for all procedures. |
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Definition
| ________ is the assortment of products maintained by a business. |
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| physical inventory system |
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Definition
| A _________________ determines the amount of product on hand by visually inspecting and counting the items. |
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Term
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Definition
| A ___________ is a form listing the variety, quantity, and prices of products ordered. |
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Definition
| A _________ is an itemized listing of all of the products included in the shipment. |
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Definition
| ___________is an itemized billing statement with terms of payment for the order. |
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Definition
| A __________ is completed listing all of the merchandise received in the shipment and its condition. |
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Definition
| A ____________ identifies the types, assortments, prices, and quantities of products that will be stocked by the business for a specific period of time. |
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Definition
| A ____________ identifies the products a store must have available to meet the most important needs of its customers. |
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Definition
| A ___________ identifies the complete assortment of products a store would like to offer to customers. |
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