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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:

GNI

Gross National Income, the total domestic and foreign output claimed by residents of a country, including wages, salaries, and investment income, less equivalent payments to non-residents.

United States

A North American nation, renowned for its considerable global impact on economic, political, and cultural affairs.

Developing Countries

Nations with lower levels of industrialization, underdeveloped economic infrastructure, and lower living standards.

Low-Income Countries

Nations with a gross national income (GNI) per capita below a specific threshold set by international organizations.

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