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CIPS L4M2 - Chapter 2 Rev 1

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Chapter 2

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CIPS L4M2 - Chapter 2 Rev 1Versión en línea

Chapter 2

por Celeste McGill
1

create specific financial budget expected revenue

Managing expenses and is easier for companies that a outlining costs and income for a period .

2

trends innovators Among first influence

the to adopt new products or services , can help market .

3

matrix Kraljic spending procurement services

The is a strategic tool used to analyse and prioritize a company's on goods and .

4

waiting slow products become Laggards market

are consumers who are to adopt new or services , often until they widely accepted in the .

5

trends patterns identify help statistical fit

The line of best is a tool used to and in a data set .

6

services middle majority who majority adopters consumers

The is the group of adopt new products or after the innovators and early , but before the late and laggards .

7

purchasing habit order patterns demand

By analysing , companies can identify trends in customer behaviour , such as changes in or shifts in

8

price exclusivity with associated premium

A is a higher - than - average price charged for a product or service , often higher quality or .

9

as product introduction replaced and cycle life eventually used

The is a model to describe the stages a product goes through , from to decline , it is adopted by newer products .

10

operating leading aggressive marketing competition Rivalry

is the that exists between companies in the same market , often to tactics and price wars .

11

alternative offerings products share Substitutes potentially

are or services that can be used in place of a company's , impacting demand and market .

12

request process process involving tendering bidding select

The is used to a vendor or supplier for a specific project , often a for proposal and a competitive .