Match the Term with Its Definition

question 86

Multiple Choice

Match the term with its definition. Some terms may not be used.
-An organization in which small businesses combine their demand for products or services in order to negotiate as a group with suppliers

• A)ABC method
• B)Associative forecasting
• C)Cooperative purchasing organization
• D)Cycle counting
• E)Demand management strategies
• F)Economic order quantity
• G)Just-in-time inventory system
• H)Perpetual inventory system
• I)Physical inventory system
• J)Poka-yoke
• K)Statistical inventory control
• L)Two-bin inventory system

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Definitions:

LED Bulbs

Light-emitting diode bulbs that use semiconductor technology to produce light, known for their energy efficiency and long lifespan compared to traditional bulbs.

Incandescent Bulbs

Electric light bulbs that produce light by heating a filament wire to a high temperature until it glows, known for their warm light but lower energy efficiency.

Induce Consumers

Actions or strategies by businesses designed to encourage or persuade consumers to purchase goods and services.

Public Policy

Government actions, including laws and regulations, designed to address public issues and achieve desirable outcomes for society.