Walmart Has Developed a Sophisticated Inventory Management and Cost Control

question 49

Multiple Choice

Walmart has developed a sophisticated inventory management and cost control system that allows rapid price changes for each product in the store.The firm also uses technologies such as ________ to improve the quality of information available about products.

• A)radio frequency identification
• B)encapsulation techniques
• C)bar code scanners
• D)nanotechnology
• E)cookies

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Definitions:

Object Relations

A theory in psychology that examines the way individuals relate to others and situations in their environment, primarily based on early life experiences.

Cognitive

Pertaining to mental processes such as perception, memory, judgment, and reasoning.

Self

The individual's awareness of their own identity and personal characteristics, forming the basis of self-concept.

Behavior-focused Therapy

A form of therapy that aims to change harmful behaviors through techniques like conditioning and reinforcement.