A number of the professional competencies refer to "global supplier demographics."
REQUIRED
Answer the following questions by integrating your knowledge from this chapter with your knowledge of the global market.
A. What is meant by "global supplier demographics"?
B. How might global supplier demographics affect the prices a company pays when it acquires resources (goods or services)? How can a company use this information when analyzing its cost of production?
C. What is meant by "global customer demographics"?
D. How might global customer demographics affect the market price for a product or service? How can a company use this information when analyzing its cost of production?