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Through Its Inventory Management Technology and Highly Efficient Shipping Practices,IKEA

question 78

Multiple Choice

Through its inventory management technology and highly efficient shipping practices,IKEA is able to keep its inventory expenditure extremely low and to pass these savings on to consumers in the form of low prices.IKEA's strategy is best described as ________.


Definitions:

Information Sharing

The exchange of data, knowledge, or information among individuals, teams, or organizations to facilitate decision-making or problem-solving.

Information Sharing

The exchange of data, knowledge, or information among individuals, organizations, or systems.

Unique Information

Data or insights that are not commonly known or that provide a distinct advantage or perspective.

Cross-functional

Describes a process or team that involves various departments or specialties working together towards a common goal.

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