Nordstrom Rack and the Gap Factory Store Allow Retailers to Sell

question 4

Multiple Choice

Nordstrom Rack and the Gap Factory Store allow retailers to sell excess merchandise and still maintain an image of offering merchandise at full price in their primary stores. These are referred to as

• A) extreme value retailers.
• B) warehouse clubs.
• C) discount houses.
• D) outlet stores.
• E) community shopping centers.

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Definitions:

Manufacturing Cycle Efficiency

A performance metric that evaluates the effectiveness of the manufacturing process, focusing on the proportion of value-added time to total lead time.

MCE

Manufacturing Cycle Efficiency, a metric measuring the proportion of production time that is value-added.

Net Operating Income

Income from operations after deducting operating expenses but before interest and taxes.

Operating Assets

Assets utilized in the daily operations of a business to generate revenue, such as equipment, machinery, and buildings.