The Limited Employs a Quick Response System to Order Fast-Moving

question 270

Multiple Choice

The Limited employs a quick response system to order fast-moving fashion items.The Limited's point-of-sale scanner records each sale.When stock falls below a minimum level,the system automatically sends an electronic order to the manufacturer,which processes the order immediately.This system has effectively reduced

• A)dependability.
• B)product flow.
• C)replenishment time.
• D)supply lag.
• E)logistical lag.

Distinguish between product and service sales contexts.

Understand the roles and differences between order-takers and order-getters in the sales process.

Clarify the relationship between marketing and selling, highlighting their distinctions.

Recognize the initial managerial positions within a sales career path.

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Definitions:

ProductID

A unique identifier assigned to a product, used to track and distinguish it from other products.

Author

A person who writes books, articles, or any other form of written content.

Refurbishing

The process of cleaning, repairing, and updating the physical condition of a product to a like-new status.

Recycling

The process of converting waste materials into new products, aimed at reducing consumption of fresh raw materials.