Wholesalers and Retailers Create Efficiencies in the Flow of Goods

question 13

Multiple Choice

Wholesalers and retailers create efficiencies in the flow of goods from producer to end consumer by ________ when they provide a variety of products in one location.

• A)creating assortments
• B)just in time processing
• C)third-party logistics
• D)order processing
• E)inventory control

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Definitions:

Labor Unions

Organizations that represent the collective interests of workers in negotiations with employers about wages, working conditions, and benefits.

Distributive Negotiations

A bargaining scenario where parties perceive that there is a fixed amount of value to be divided, often leading to competitive or win-lose negotiating strategies.

Compromise

A method of resolving disputes by which all parties make concessions to reach a mutually acceptable agreement.

Forcing

A conflict resolution style where one individual imposes their will on another, disregarding the concerns and interests of the other party.