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Vendor Selection Strategy
Economy; Economics
The decision-making that occurs when a firm selects a supplier in order to minimise the risk of choosing the wrong one. Strategies used include the rating of vendors on a scale; the practise of ...
Variety Seeking Decisions
Economy; Economics
Purchase decisions made by consumers who are willing to try a diversity of brands for variety and to avoid boredom; variety seeking decisions occur when the degree of involvement with a product is ...
Vending Machine
Economy; Economics
A coin-operated device which can be used to dispense a variety of consumer products (food, cigarettes, etc) and services (automatic teller machines at banks).
Vendor Analysis
Economy; Economics
The rating by a buying organisation of all possible suppliers of a product on a scale to select the most appropriate; also referred to as Vendor Rating. See Value Analysis.
Vertical Decisions
Economy; Economics
Management decisions which coordinate the flow of goods and services, title, information, payment and promotion along the channels of distribution.
Venture Team
Economy; Economics
Key people from various departments of an organisation given responsibility for the development of a new product from concept to commercialisation.
Vendor Loyalty
Economy; Economics
The allegiance a firm gives to a supplier; straight rebuys usually reflect vendor loyalty but they are sometimes due to inertia.
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