ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The number of vendors is a factor that affects purchase planning
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.
Detailed explanation-2: -In a general scenario, we’ve got five main factors that determine consumer behavior, i.e these factors regulate if a target customer purchases a product or not. These factors are namely Psychological, Social, Cultural, Personal, and Economic factors.
Detailed explanation-3: -Factor # 1. Right Quality: Factor # 2. Right Quantity: Factor # 3. Right Time of Delivery: Factor # 4. Right Price: Factor # 5. Right Place of Delivery: Factor # 6. Right Source of Supply:
There is 1 question to complete.