When Marketing Channel Members Are Engaged in Gathering,sorting,and Dispersing Products,they

question 158

Multiple Choice

When marketing channel members are engaged in gathering,sorting,and dispersing products,they are performing __________ functions.

• A)logistical
• B)merchandising
• C)facilitating
• D)implementation
• E)transactional

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Definitions:

Quick Response

A strategy in the retail industry to increase efficiency by replenishing products quickly based on consumer demand signals.

Overstock Quantity

Excess inventory that exceeds the demand for a product, often resulting in holding costs and potential markdowns.

Profits

are the financial gains that remain after all expenses, including costs of goods sold, operating expenses, and taxes, have been subtracted from a company's total revenue.

Cost of Understocking

Refers to the lost opportunity and sales a business incurs when it does not have enough inventory to meet demand.