Josephine Is Creating a Description of the Ideal Shopper for Her

question 13

Multiple Choice

Josephine is creating a description of the ideal shopper for her energy bars based on age,gender,behaviours,and income.What is Josephine creating?

• A) customer analysis
• B) market profile
• C) customer profile
• D) market analysis

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Definitions:

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure an adequate supply without excessive oversupply or loss.

Just-In-Time Approach

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs by receiving goods only as they are needed in the production process.

Cash Cycle

The period of time it takes for a company to convert its investments in inventory back into cash, reflecting how efficiently a company manages its assets.